C.H. Robinson Worldwide (NASDAQ:CHRW) Downgraded by Wall Street Zen to Hold

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

Other research analysts have also recently issued research reports about the stock. Raymond James Financial set a $192.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Sanford C. Bernstein decreased their target price on C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating on the stock in a report on Tuesday, August 11th. Stephens decreased their target price on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Robert W. Baird lowered their target price on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.00.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $150.39 on Friday. The firm’s 50 day moving average price is $171.72 and its 200-day moving average price is $175.47. 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 stock has a market capitalization of $17.57 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94.

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

C.H. Robinson Worldwide Dividend Announcement

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

Institutional Inflows and Outflows

Large investors 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% during 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 buying an additional 39,236,456 shares during the last quarter. State Street Corp increased its holdings in C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Wellington Management Group LLP lifted its stake in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Boston Partners boosted its holdings in shares of C.H. Robinson Worldwide by 6.1% during the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after purchasing an additional 213,245 shares during the last quarter. Finally, WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $579,922,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

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.