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 research note issued to investors on Saturday,Wall Street Zen reports.

Several other equities analysts also recently commented on the stock. Raymond James Financial set a $163.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday. BMO Capital Markets cut their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a research note on Friday, October 16th. Wells Fargo & Company reduced their price target on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Citigroup decreased their price target on shares of C.H. Robinson Worldwide from $185.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Finally, 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 objective for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $180.52.

C.H. Robinson Worldwide Stock Up 3.3%

NASDAQ CHRW opened at $128.71 on Friday. The stock’s 50 day moving average is $145.02 and its 200 day moving average is $169.35. The company has a current ratio of 1.34, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. C.H. Robinson Worldwide has a 12 month low of $122.21 and a 12 month high of $210.33. The stock has a market cap of $15.04 billion, a PE ratio of 23.11, a P/E/G ratio of 1.06 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.05. C.H. Robinson Worldwide had a return on equity of 42.49% and a net margin of 3.67%. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide will post 6.34 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 45.24%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently bought and sold shares of the business. Burkett Financial Services LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $25,000. Millstone Evans Group LLC increased its stake 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 worth $27,000 after acquiring an additional 71 shares during the last quarter. 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. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $30,000. 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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.