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

Wall Street Zen downgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other brokerages have also recently issued reports on CHRW. Citigroup decreased their price objective on C.H. Robinson Worldwide from $204.00 to $196.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. UBS Group boosted their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Susquehanna upped their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Finally, Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.00.

C.H. Robinson Worldwide Trading Down 0.5%

Shares of CHRW stock opened at $149.66 on Friday. C.H. Robinson Worldwide has a 12-month low of $123.64 and a 12-month high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average price is $170.97 and its 200-day moving average price is $174.96. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The firm’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several large investors have recently modified their holdings of CHRW. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide in the second quarter worth $27,000. NBH Bank purchased a new position in C.H. Robinson Worldwide during the second quarter worth $29,000. Bank of Jackson Hole Trust bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at $25,000. Millstone Evans Group LLC increased its position in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at $27,000. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.