C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded by Evercore ISI to “Outperform”

Evercore ISI upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from an in-line rating to an outperform rating in a report released on Tuesday morning, MarketBeat reports. They currently have $99.00 price objective on the transportation company’s stock, up from their prior price objective of $82.00.

A number of other research firms have also issued reports on CHRW. BNP Paribas reiterated a neutral rating and issued a $76.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. StockNews.com raised shares of C.H. Robinson Worldwide from a sell rating to a hold rating in a research report on Friday, June 7th. UBS Group raised shares of C.H. Robinson Worldwide from a sell rating to a neutral rating and lifted their price objective for the stock from $71.00 to $90.00 in a research report on Thursday, June 6th. Wolfe Research raised C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a report on Thursday, April 11th. Finally, TD Cowen upped their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a hold rating in a research report on Thursday, May 2nd. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $85.38.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $89.50 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 2.57 and a beta of 0.81. The business has a 50-day moving average of $81.60 and a 200 day moving average of $79.67. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. As a group, sell-side analysts forecast that C.H. Robinson Worldwide will post 3.59 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 96.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after acquiring an additional 2,003,158 shares during the period. Pzena Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $66,474,000. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $52,341,000. Finally, Pinebridge Investments L.P. increased its stake in shares of C.H. Robinson Worldwide by 105.5% during the fourth quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock worth $51,286,000 after acquiring an additional 304,709 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.