C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other equities analysts also recently commented on the stock. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective for the company. Stephens lowered their target price on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Truist Financial upped their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. UBS Group increased their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.56.

Read Our Latest Report on C.H. Robinson Worldwide

C.H. Robinson Worldwide Trading Up 3.0%

NASDAQ:CHRW opened at $157.31 on Friday. C.H. Robinson Worldwide has a twelve month low of $123.64 and a twelve month high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average price of $163.96 and a two-hundred day moving average price of $172.77. The company has a market cap of $18.38 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. As a group, analysts expect that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its position in shares of C.H. Robinson Worldwide by 16,583.8% in the second quarter. California State Teachers Retirement System now owns 39,473,051 shares of the transportation company’s stock valued at $7,434,354,000 after purchasing an additional 39,236,456 shares during the period. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $579,922,000. Geode Capital Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock worth $514,889,000 after buying an additional 16,961 shares during the period. Auto Owners Insurance Co grew its stake in C.H. Robinson Worldwide by 15,976.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after buying an additional 1,501,744 shares during the last quarter. Finally, Norges Bank acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $236,665,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

(Get Free Report)

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

See Also