C.H. Robinson Worldwide (NASDAQ:CHRW) Raised to Peer Perform at Wolfe Research

Wolfe Research upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) from an underperform rating to a peer perform rating in a report released on Thursday, Marketbeat reports.

Several other research firms have also weighed in on CHRW. BNP Paribas reiterated 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. StockNews.com downgraded C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $75.00 to $70.00 and set an underweight rating for the company in a research report on Tuesday. Susquehanna increased their target price on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a neutral rating in a research report on Monday, March 25th. Finally, BMO Capital Markets cut their target price on C.H. Robinson Worldwide from $90.00 to $85.00 and set a market perform rating on the stock in a research note on Thursday, February 1st. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $82.57.

C.H. Robinson Worldwide Stock Up 0.2 %

NASDAQ:CHRW traded up $0.14 during mid-day trading on Thursday, reaching $72.15. The stock had a trading volume of 945,697 shares, compared to its average volume of 1,603,377. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 3.60 and a beta of 0.72. C.H. Robinson Worldwide has a 1-year low of $69.11 and a 1-year high of $106.14. The stock's 50 day simple moving average is $73.52 and its two-hundred day simple moving average is $80.75.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. Equities analysts anticipate that C.H. Robinson Worldwide will post 3.34 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.38%. C.H. Robinson Worldwide's payout ratio is 90.04%.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in shares of C.H. Robinson Worldwide by 11.1% during the first quarter. American Century Companies Inc. now owns 8,782 shares of the transportation company's stock valued at $946,000 after acquiring an additional 880 shares during the period. Private Advisor Group LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter valued at $207,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of C.H. Robinson Worldwide by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,393 shares of the transportation company's stock valued at $1,873,000 after purchasing an additional 1,077 shares during the period. Yousif Capital Management LLC raised its stake in shares of C.H. Robinson Worldwide by 1.6% in the 1st quarter. Yousif Capital Management LLC now owns 23,349 shares of the transportation company's stock worth $2,515,000 after buying an additional 365 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of C.H. Robinson Worldwide by 12.8% in the first quarter. Raymond James Trust N.A. now owns 3,657 shares of the transportation company's stock valued at $394,000 after buying an additional 414 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

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.