C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a buy rating in a report released on Friday, MarketBeat Ratings reports. Stifel Nicolaus currently has $113.00 target price on the transportation company’s stock.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group lifted their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird lifted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Raymond James dropped their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research report on Thursday. Susquehanna decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday. Finally, Barclays boosted their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $117.33.

C.H. Robinson Worldwide Trading Down 0.9 %

CHRW opened at $99.49 on Friday. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $105.52 and a 200-day simple moving average of $104.03. The firm has a market cap of $11.76 billion, a P/E ratio of 25.84, a P/E/G ratio of 0.89 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.64% and a net margin of 2.63%. On average, equities analysts expect that C.H. Robinson Worldwide will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.49%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in CHRW. QRG Capital Management Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.9% during the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after buying an additional 98 shares during the last quarter. Cascade Investment Advisors Inc. boosted its stake in C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after acquiring an additional 105 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 111 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in C.H. Robinson Worldwide by 13.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after acquiring an additional 120 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after purchasing an additional 131 shares during the last quarter. 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.