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

Wall Street Zen upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a buy rating in a report published on Wednesday,Wall Street Zen reports.

A number of other analysts have also recently weighed in on CHRW. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Bank of America reissued a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Citigroup reissued a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Stock Down 3.0%

Shares of CHRW stock opened at $139.49 on Wednesday. The stock’s 50 day simple moving average is $147.20 and its 200 day simple moving average is $167.85. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide has a twelve month low of $125.35 and a twelve month high of $210.33. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.19 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the company earned $1.29 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts predict that C.H. Robinson Worldwide will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alpine Bank Wealth Management lifted its holdings in C.H. Robinson Worldwide by 2,701.4% during the third quarter. Alpine Bank Wealth Management now owns 3,978 shares of the transportation company’s stock worth $589,000 after acquiring an additional 3,836 shares in the last quarter. CWS Financial Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $1,352,000. Cravens & Co Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $1,242,000. Aull & Monroe Investment Management Corp bought a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $358,000. Finally, Forum Financial Management LP acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $1,063,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.