Vertical Research Upgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to “Buy”

Vertical Research upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a sell rating to a buy rating in a research note published on Tuesday morning, Marketbeat.com reports. They currently have $102.00 price target on the transportation company’s stock.

Several other brokerages have also issued reports on CHRW. Susquehanna upped their price target on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a neutral rating in a research note on Thursday, May 2nd. Bank of America cut their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating on the stock in a research note on Monday, April 15th. TD Cowen upped their price target on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a hold rating in a research note on Thursday, May 2nd. BNP Paribas reiterated a neutral rating and issued a $76.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, Baird R W upgraded C.H. Robinson Worldwide to a hold rating in a report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $87.06.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $86.37 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $10.11 billion, a P/E ratio of 34.14, a P/E/G ratio of 2.56 and a beta of 0.80. The business’s fifty day moving average is $85.33 and its two-hundred day moving average is $79.91. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts forecast that C.H. Robinson Worldwide will post 3.59 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were issued a $0.61 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.83%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 96.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after buying an additional 177,119 shares during the period. First Eagle Investment Management LLC boosted its position in shares of C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after buying an additional 2,003,158 shares during the period. Van ECK Associates Corp boosted its position in shares of C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after buying an additional 2,643,193 shares during the period. ProShare Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 5.0% during the first quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock worth $152,426,000 after buying an additional 94,616 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of C.H. Robinson Worldwide by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after buying an additional 68,491 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.