C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a buy rating in a report issued on Thursday morning.

Several other analysts have also recently issued reports on the stock. Citigroup reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Friday, January 31st. Finally, Barclays boosted their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $117.17.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $99.24 on Thursday. The firm has a market cap of $11.78 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.16 and a beta of 0.82. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The business’s 50 day moving average price is $102.19 and its 200 day moving average price is $104.60. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, sell-side analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of CHRW. Vanguard Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock worth $1,501,774,000 after buying an additional 251,943 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock worth $428,554,000 after purchasing an additional 191,611 shares during the period. Geode Capital Management LLC lifted its stake in C.H. Robinson Worldwide by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock valued at $326,549,000 after buying an additional 64,019 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after acquiring an additional 3,004,338 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of C.H. Robinson Worldwide by 25.7% in the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after buying an additional 593,211 shares during the period. Institutional investors own 93.15% of the company’s stock.

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.