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 released on Thursday morning.

A number of other equities research analysts have also recently commented on the company. Barclays raised their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $130.00 in a report on Monday, December 9th. JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Susquehanna decreased their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. Finally, Robert W. Baird increased their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.17.

C.H. Robinson Worldwide Trading Up 1.1 %

C.H. Robinson Worldwide stock opened at $99.24 on Thursday. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 1.16 and a beta of 0.82. The firm has a 50 day moving average of $102.19 and a 200 day moving average of $104.60. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.50%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. 1.18% of the stock is owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in C.H. Robinson Worldwide by 1.8% in the 4th 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. grew its stake in C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock worth $428,554,000 after acquiring an additional 191,611 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 worth $326,549,000 after acquiring an additional 64,019 shares during the period. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 92,841.1% during the fourth 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 holdings 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 valued at $299,582,000 after purchasing an additional 593,211 shares during the period. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Company Profile

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.