C.H. Robinson Worldwide (CHRW) Raised to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a buy rating in a research note published on Tuesday morning. They currently have $101.00 price objective on the transportation company’s stock.

According to Zacks, “C.H. Robinson is active on the acquisition front, as it aims to expand its portfolio. To this end, the company acquired Spanish freight forwarder — The Space Cargo Group — for approximately $48 million in Mar 2019. We are also impressed by the company’s efforts to reward shareholders through dividends and share buybacks. To this end, in December 2018, the company's board of directors approved a 9% hike in its quarterly cash dividend. Improvement in operating ratio is an added positive. The positivity revolving around the stock is evident from the Zacks Cosensus Estimate for first-quarter earnings being revised 1.8% upward in the last 60 days. However,  the company is struggling with high operating expenses. High capital expenditures undertaken by the company are pushing up costs and hurting the bottom line.”

Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group decreased their price objective on shares of C.H. Robinson Worldwide from $86.00 to $80.00 and set an underperform rating for the company in a research report on Tuesday, January 15th. BidaskClub cut shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $96.60.

C.H. Robinson Worldwide stock opened at $87.28 on Tuesday. The firm has a market cap of $11.86 billion, a PE ratio of 18.45, a PEG ratio of 1.79 and a beta of 0.70. C.H. Robinson Worldwide has a 12-month low of $78.83 and a 12-month high of $101.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.92 and a quick ratio of 1.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.24 billion. C.H. Robinson Worldwide had a net margin of 4.00% and a return on equity of 43.12%. During the same period in the previous year, the company earned $0.86 EPS. As a group, sell-side analysts forecast that C.H. Robinson Worldwide will post 5.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $2.00 annualized dividend and a yield of 2.29%. C.H. Robinson Worldwide’s dividend payout ratio is currently 42.28%.

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 2,914 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $91.01, for a total value of $265,203.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jordan T. Kass sold 1,382 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $90.80, for a total transaction of $125,485.60. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $103,687,000. Actinver Wealth Management Inc. acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $490,000. Teacher Retirement System of Texas increased its stake in shares of C.H. Robinson Worldwide by 336.9% during the fourth quarter. Teacher Retirement System of Texas now owns 71,661 shares of the transportation company’s stock worth $6,026,000 after acquiring an additional 55,257 shares during the period. FMR LLC increased its stake in shares of C.H. Robinson Worldwide by 91.8% during the fourth quarter. FMR LLC now owns 8,014,313 shares of the transportation company’s stock worth $673,924,000 after acquiring an additional 3,836,115 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $229,000. Institutional investors and hedge funds own 87.19% of the company’s stock.

About C.H. Robinson Worldwide

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.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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