C.H. Robinson Worldwide (CHRW) Upgraded to Buy 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 report published on Thursday morning. Zacks Investment Research currently has $99.00 target price on the transportation company’s stock.

According to Zacks, “C.H. Robinson's growth-by-acquisition policy bodes well. We are impressed by the company's efforts to reward shareholders in the form of dividends and share buybacks. Such shareholder-friendly moves underline the company's bright prospects and strong financial conditions. Improvement in operating ratio is an added positive. The lesser the value of operating ratio the better, as it implies that more cash is available to the company to reward shareholders through dividends/buybacks. Owing to these tailwinds, shares of the company have outperformed its industry in a year's time. On the flip side, high costs and capital expenditures undertaken by the company tend to limit bottom-line growth. The company's high debt levels are  concerning.”

A number of other research firms also recently issued reports on CHRW. Bank of America downgraded C.H. Robinson Worldwide from a buy rating to a neutral rating in a research note on Thursday, August 9th. BidaskClub downgraded C.H. Robinson Worldwide from a buy rating to a hold rating in a research note on Thursday, August 30th. Credit Suisse Group boosted their price target on C.H. Robinson Worldwide from $82.00 to $86.00 and gave the company an underperform rating in a research note on Thursday, August 2nd. Robert W. Baird restated a neutral rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, August 1st. Finally, Cowen boosted their price target on C.H. Robinson Worldwide from $99.00 to $106.00 and gave the company an outperform rating in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. C.H. Robinson Worldwide presently has a consensus rating of Hold and an average target price of $96.87.

NASDAQ CHRW traded up $0.65 during trading hours on Thursday, hitting $89.89. The company’s stock had a trading volume of 9,731 shares, compared to its average volume of 1,255,925. C.H. Robinson Worldwide has a 12 month low of $77.90 and a 12 month high of $101.20. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.17 and a beta of 0.52. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.85 and a current ratio of 1.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, October 30th. The transportation company reported $1.25 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $0.85 EPS. C.H. Robinson Worldwide’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts predict that C.H. Robinson Worldwide will post 4.57 earnings per share for the current fiscal year.

In other news, insider Ben G. Campbell sold 4,000 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $100.00, for a total transaction of $400,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank lifted its holdings in C.H. Robinson Worldwide by 0.6% in the 3rd quarter. Toronto Dominion Bank now owns 90,125 shares of the transportation company’s stock worth $8,823,000 after purchasing an additional 567 shares in the last quarter. GW Henssler & Associates Ltd. raised its holdings in shares of C.H. Robinson Worldwide by 0.4% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 163,200 shares of the transportation company’s stock worth $13,653,000 after acquiring an additional 577 shares in the last quarter. Autus Asset Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 1.2% during the 2nd quarter. Autus Asset Management LLC now owns 51,138 shares of the transportation company’s stock worth $4,279,000 after acquiring an additional 586 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of C.H. Robinson Worldwide by 3.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 20,193 shares of the transportation company’s stock worth $1,977,000 after acquiring an additional 671 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 12.5% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 6,336 shares of the transportation company’s stock worth $530,000 after acquiring an additional 704 shares in the last quarter. 88.22% of the stock is currently owned by institutional investors.

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.

Further Reading: How to calculate the intrinsic value of a stock

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