Zacks Investment Research downgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a buy rating to a hold rating in a research note released on Monday morning.

According to Zacks, “Shares of C.H. Robinson have outperformed its industry in the last six months. The company's efforts to expand globally through mergers are impressive. The acquisition of Milgram & Company, completed in August 2017, is likely to boost the company's global presence and will be accretive this year. The company's efforts to reward shareholders through dividends and share buy backs are also encouraging. In December 2017, the company hiked its quarterly dividend by 2.2% to 46 cents per share (or $1.84 annually). However, the company is struggling with high costs. High costs are expected to hurt the company's bottom line in the fourth-quarter as was the case in the third quarter of 2017.  The company's high debt levels further adds to its woes.”

Several other equities research analysts have also issued reports on the company. Citigroup raised C.H. Robinson Worldwide from a neutral rating to a buy rating in a research report on Thursday, January 4th. Goldman Sachs Group began coverage on C.H. Robinson Worldwide in a research report on Monday, November 13th. They set a neutral rating and a $78.00 price target on the stock. Credit Suisse Group upped their price target on C.H. Robinson Worldwide from $68.00 to $69.00 and gave the company an underperform rating in a research report on Thursday, November 2nd. Barclays upped their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an equal weight rating in a research report on Thursday, November 2nd. Finally, Cowen upped their price target on C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $78.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) traded down $0.02 during mid-day trading on Monday, hitting $91.44. The company had a trading volume of 1,043,000 shares, compared to its average volume of 1,253,586. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $12,750.00, a price-to-earnings ratio of 27.30, a P/E/G ratio of 2.77 and a beta of 0.48. C.H. Robinson Worldwide has a twelve month low of $63.41 and a twelve month high of $92.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.03. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. equities research analysts forecast that C.H. Robinson Worldwide will post 3.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were paid a dividend of $0.46 per share. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, December 15th. C.H. Robinson Worldwide’s dividend payout ratio is presently 54.93%.

In related news, insider Jordan T. Kass sold 1,738 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $78.75, for a total transaction of $136,867.50. Following the completion of the transaction, the insider now directly owns 24,348 shares in the company, valued at approximately $1,917,405. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Ben G. Campbell sold 4,865 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $85.00, for a total value of $413,525.00. Following the transaction, the vice president now owns 29,837 shares of the company’s stock, valued at $2,536,145. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,903 shares of company stock valued at $1,854,925. 0.85% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Nicolet Bankshares Inc. bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $202,000. Integrated Investment Consultants LLC grew its stake in shares of C.H. Robinson Worldwide by 39.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock worth $204,000 after purchasing an additional 750 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $205,000. MML Investors Services LLC grew its stake in shares of C.H. Robinson Worldwide by 10.2% in the second quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock worth $208,000 after purchasing an additional 280 shares in the last quarter. Finally, Conning Inc. bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $213,000. 94.22% of the stock is owned by institutional investors.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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