C.H. Robinson Worldwide (CHRW) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a buy rating in a research report report published on Tuesday. The brokerage currently has $96.00 price target on the transportation company’s stock.

According to Zacks, “C.H. Robinson's efforts to reward its shareholders in the form of dividends and share buybacks are impressive. In December 2018, the company increased its quarterly dividend payout by 9% to 50 cents per share. Over the past five years, it has returned more than $2.8 billion to its shareholders through the above-mentioned investor-friendly initiatives. Also, upbeat freight demand and reduced tax rates proved favorable for the company. The positivity surrounding the stock is evident from the Zacks Consensus Estimate for fourth-quarter 2018 earnings being raised 2.6% in the last 90 days. Detailed results will be available on Jan 29. However, the company is struggling with high costs. Similar to the past few quarters, high operating expenses  are expected to dent bottom-line growth in the fourth quarter.”

A number of other analysts have also recently weighed in on CHRW. BidaskClub cut shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Thursday, October 4th. Loop Capital initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, October 17th. They set a buy rating and a $107.00 price target on the stock. Citigroup lowered their price target on C.H. Robinson Worldwide from $111.00 to $102.00 and set a buy rating on the stock in a report on Wednesday, October 31st. Morgan Stanley set a $67.00 target price on shares of C.H. Robinson Worldwide and gave the company a sell rating in a research note on Monday, October 22nd. Finally, Cleveland Research reissued a neutral rating on shares of C.H. Robinson Worldwide in a research note on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. C.H. Robinson Worldwide currently has a consensus rating of Hold and a consensus price target of $96.27.

CHRW traded up $2.63 on Tuesday, hitting $88.67. 3,483,345 shares of the company’s stock were exchanged, compared to its average volume of 1,210,473. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.91 and a beta of 0.62. C.H. Robinson Worldwide has a twelve month low of $78.83 and a twelve month high of $101.20. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.08. C.H. Robinson Worldwide had a return on equity of 41.22% and a net margin of 3.83%. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts anticipate that C.H. Robinson Worldwide will post 4.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Monday, December 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.26%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, December 14th. C.H. Robinson Worldwide’s payout ratio is presently 57.47%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. One Wealth Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $150,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of C.H. Robinson Worldwide by 104.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,647 shares of the transportation company’s stock worth $161,000 after acquiring an additional 841 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $197,000. Allianz Asset Management GmbH bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $200,000. Finally, Logan Capital Management Inc. bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $205,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

Further Reading: What is a Leveraged Buyout (LBO)?

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