Zacks Investment Research lowered shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a buy rating to a hold rating in a research report released on Monday morning.
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. On the flip side, 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 of 2018. Apart from high purchased transportation costs, capital expenditures undertaken by the company are pressurizing the bottom line. Also, shares of the company have declined nearly 9% in a year's time.”
A number of other research firms have also recently commented on CHRW. BidaskClub raised shares of C.H. Robinson Worldwide from a sell rating to a hold rating in a research report on Tuesday, November 27th. Citigroup reduced their price objective on shares of C.H. Robinson Worldwide from $111.00 to $102.00 and set a buy rating for the company in a research report on Wednesday, October 31st. Loop Capital started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 17th. They set a buy rating and a $107.00 price objective for the company. Cleveland Research reaffirmed a neutral rating on shares of C.H. Robinson Worldwide in a research report on Friday, October 19th. Finally, Morgan Stanley set a $67.00 price objective on shares of C.H. Robinson Worldwide and gave the stock a sell rating in a research report on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $96.20.
CHRW stock opened at $85.44 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.85. C.H. Robinson Worldwide has a one year low of $78.83 and a one year high of $101.20. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 1.90 and a beta of 0.62.
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 Zacks’ consensus estimate of $1.17 by $0.08. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.22%. The firm had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Monday, December 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, December 14th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.46. C.H. Robinson Worldwide’s payout ratio is 57.47%.
A number of hedge funds have recently bought and sold shares of CHRW. Fort L.P. acquired a new position in C.H. Robinson Worldwide in the second quarter valued at about $116,000. One Wealth Advisors LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $150,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in C.H. Robinson Worldwide by 104.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,647 shares of the transportation company’s stock valued at $161,000 after purchasing an additional 841 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $197,000. Finally, Allianz Asset Management GmbH acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $200,000. 85.74% of the stock is owned by institutional investors and hedge funds.
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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