C.H. Robinson Worldwide (NASDAQ:CHRW) Lifted to Buy at Bank of America

Bank of America upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from an underperform rating to a buy rating in a research report report published on Monday, Marketbeat.com reports. They currently have $99.00 price target on the transportation company’s stock, up from their prior price target of $76.00.

CHRW has been the topic of a number of other research reports. Wolfe Research raised C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research note on Thursday, April 11th. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a neutral rating in a research report on Thursday, May 2nd. Baird R W upgraded shares of C.H. Robinson Worldwide to a hold rating in a report on Wednesday, July 3rd. StockNews.com upgraded shares of C.H. Robinson Worldwide from a sell rating to a hold rating in a report on Friday, June 7th. Finally, BNP Paribas reissued a neutral rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $88.78.

C.H. Robinson Worldwide Trading Down 0.5 %

NASDAQ:CHRW opened at $90.21 on Monday. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $100.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $86.57 and a 200-day simple moving average of $79.95. The company has a market capitalization of $10.56 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, equities research analysts expect that C.H. Robinson Worldwide will post 3.65 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 96.44%.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in CHRW. Massmutual Trust Co. FSB ADV grew its holdings in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares in the last quarter. Quent Capital LLC lifted its position in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the last quarter. Montag A & Associates Inc. acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth about $30,000. UMB Bank n.a. increased its holdings in C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after buying an additional 294 shares during the last quarter. Finally, Evermay Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 336.0% during the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after buying an additional 420 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

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.