C.H. Robinson Worldwide (NASDAQ:CHRW) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning,Wall Street Zen reports.

A number of other analysts also recently weighed in on CHRW. BMO Capital Markets increased their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Robert W. Baird decreased their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Finally, Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $194.76.

C.H. Robinson Worldwide Stock Up 4.6%

Shares of C.H. Robinson Worldwide stock opened at $141.34 on Tuesday. The business has a fifty day simple moving average of $148.33 and a 200 day simple moving average of $168.98. The stock has a market cap of $16.52 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Research analysts predict that C.H. Robinson Worldwide will post 6.21 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of large investors have recently added to or reduced their stakes in the company. WCM Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth about $579,922,000. Auto Owners Insurance Co raised its position 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. Dimensional Fund Advisors LP raised its position in C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after buying an additional 25,674 shares during the last quarter. Bank of America Corp DE lifted its stake in C.H. Robinson Worldwide by 13.7% in the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after acquiring an additional 127,103 shares in the last quarter. Finally, Capital World Investors bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $165,976,000. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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 domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.