C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a buy rating in a research note issued to investors on Tuesday, December 26th. Zacks Investment Research currently has $99.00 target price on the transportation company’s stock.

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, is likely to boost the company's global presence and will be accretive in 2018. Last year the company acquired APC Logistics. This deal has boosted C.H. Robinson’s presence in the Austalia- New Zealand region. The company's efforts to reward shareholders through dividends and share buy backs are also encouraging. Recently, 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 continue to limit bottom-line growth. “

Other equities analysts also recently issued reports about the company. KeyCorp restated a buy rating and set a $78.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, September 26th. Bank of America upgraded C.H. Robinson Worldwide from an underperform rating to a buy rating and raised their price objective for the stock from $70.00 to $86.00 in a research report on Tuesday, October 10th. Barclays raised their price objective on C.H. Robinson Worldwide from $67.00 to $70.00 and gave the stock an equal weight rating in a research report on Monday, October 2nd. Oppenheimer restated a hold rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $71.00 to $82.00 and gave the stock a hold rating in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. C.H. Robinson Worldwide presently has a consensus rating of Hold and an average price target of $78.18.

C.H. Robinson Worldwide (CHRW) opened at $93.92 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $13,090.00, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.77 and a beta of 0.48. C.H. Robinson Worldwide has a 1 year low of $63.41 and a 1 year high of $94.00.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were issued a $0.46 dividend. 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 1.96%. The ex-dividend date of this dividend was Friday, December 15th. C.H. Robinson Worldwide’s payout ratio is presently 54.93%.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,300 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total value of $104,832.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jordan T. Kass sold 1,738 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $78.75, for a total value of $136,867.50. Following the completion of the sale, the insider now owns 24,348 shares of the company’s stock, valued at $1,917,405. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,903 shares of company stock valued at $1,854,925. 0.85% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CHRW. Sei Investments Co. grew its stake in C.H. Robinson Worldwide by 874.8% in the second quarter. Sei Investments Co. now owns 8,364 shares of the transportation company’s stock valued at $575,000 after acquiring an additional 7,506 shares during the period. Schwab Charles Investment Management Inc. grew its stake in C.H. Robinson Worldwide by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 723,195 shares of the transportation company’s stock valued at $49,670,000 after acquiring an additional 21,285 shares during the period. Advisors Asset Management Inc. grew its stake in C.H. Robinson Worldwide by 2.5% in the second quarter. Advisors Asset Management Inc. now owns 13,048 shares of the transportation company’s stock valued at $896,000 after acquiring an additional 313 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in C.H. Robinson Worldwide by 2.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 411,443 shares of the transportation company’s stock valued at $28,258,000 after acquiring an additional 8,814 shares during the period. Finally, Victory Capital Management Inc. grew its stake in C.H. Robinson Worldwide by 18.6% in the second quarter. Victory Capital Management Inc. now owns 30,654 shares of the transportation company’s stock valued at $2,105,000 after acquiring an additional 4,801 shares during the period. 94.22% of the stock is owned by hedge funds and other 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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