C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded at Vertical Research

Vertical Research upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a sell rating to a buy rating in a research note released on Tuesday, Marketbeat.com reports. The firm currently has $102.00 target price on the transportation company’s stock.

A number of other brokerages have also issued reports on CHRW. Robert W. Baird upped their target price on C.H. Robinson Worldwide from $80.00 to $88.00 and gave the company a neutral rating in a research report on Wednesday, July 3rd. Wells Fargo & Company started coverage on C.H. Robinson Worldwide in a research report on Friday, June 7th. They issued an equal weight rating and a $94.00 target price on the stock. Bank of America dropped their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating on the stock in a research report on Monday, April 15th. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from an underweight rating to a neutral rating and increased their target price for the stock from $76.00 to $87.00 in a research report on Tuesday. Finally, BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a market perform rating in a research report on Friday, May 3rd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of Hold and an average target price of $87.06.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $86.37 on Tuesday. The business’s 50 day moving average is $85.33 and its two-hundred day moving average is $79.91. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $100.88. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 2.56 and a beta of 0.80. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the company posted $0.98 EPS. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide will post 3.59 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were paid a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.83%. C.H. Robinson Worldwide’s dividend payout ratio is currently 96.44%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently bought and sold shares of CHRW. Royal London Asset Management Ltd. boosted its position in C.H. Robinson Worldwide by 3.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 47,761 shares of the transportation company’s stock worth $4,114,000 after acquiring an additional 1,688 shares during the period. GSA Capital Partners LLP boosted its position in C.H. Robinson Worldwide by 8.8% during the 3rd quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock worth $796,000 after acquiring an additional 746 shares during the period. Toroso Investments LLC boosted its position in C.H. Robinson Worldwide by 1.8% during the 3rd quarter. Toroso Investments LLC now owns 13,035 shares of the transportation company’s stock worth $1,123,000 after acquiring an additional 225 shares during the period. American Century Companies Inc. boosted its position in C.H. Robinson Worldwide by 7.2% during the 3rd quarter. American Century Companies Inc. now owns 49,351 shares of the transportation company’s stock worth $4,251,000 after acquiring an additional 3,329 shares during the period. Finally, Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 20.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock worth $145,333,000 after acquiring an additional 280,938 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.