C.H. Robinson Worldwide (NASDAQ:CHRW) Raised to Buy at Citigroup

Citigroup upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a neutral rating to a buy rating in a report issued on Tuesday morning, Marketbeat Ratings reports. Citigroup currently has $127.00 target price on the transportation company’s stock, up from their previous target price of $110.00.

Several other equities analysts have also recently weighed in on CHRW. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $87.00 to $110.00 in a report on Thursday, August 1st. TD Cowen boosted their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Benchmark increased their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Stock Down 1.2 %

NASDAQ:CHRW opened at $110.19 on Tuesday. The stock has a 50-day simple moving average of $106.75 and a 200 day simple moving average of $95.78. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $113.10. The company has a market cap of $13.03 billion, a PE ratio of 38.13, a PEG ratio of 1.29 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. On average, sell-side analysts expect that C.H. Robinson Worldwide will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. C.H. Robinson Worldwide’s payout ratio is presently 85.81%.

Insider Buying and Selling

In other news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.47% of the stock is owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of large investors have recently added to or reduced their stakes in CHRW. State Board of Administration of Florida Retirement System raised its stake in C.H. Robinson Worldwide by 6.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 145,268 shares of the transportation company’s stock valued at $11,061,000 after purchasing an additional 8,449 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in C.H. Robinson Worldwide by 13.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after acquiring an additional 26,156 shares during the last quarter. First Eagle Investment Management LLC raised its position in C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after purchasing an additional 2,003,158 shares in the last quarter. Wilkins Investment Counsel Inc. lifted its stake in C.H. Robinson Worldwide by 69.6% during the first quarter. Wilkins Investment Counsel Inc. now owns 91,230 shares of the transportation company’s stock worth $6,946,000 after purchasing an additional 37,435 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of C.H. Robinson Worldwide by 1.5% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 42,166 shares of the transportation company’s stock valued at $3,211,000 after purchasing an additional 612 shares in the last quarter. Institutional investors and hedge funds 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.