C.H. Robinson Worldwide (CHRW) Upgraded to Buy by Citigroup

Citigroup upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a neutral rating to a buy rating in a research note published on Thursday morning.

Several other equities analysts have also weighed in on CHRW. Zacks Investment Research raised C.H. Robinson Worldwide from a sell rating to a hold rating in a research note on Tuesday, September 19th. KeyCorp reaffirmed a buy rating and issued a $78.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, September 26th. Barclays lifted their price objective on C.H. Robinson Worldwide from $67.00 to $70.00 and gave the company an equal weight rating in a research note on Monday, October 2nd. BMO Capital Markets lowered C.H. Robinson Worldwide from an outperform rating to a market perform rating and lifted their price objective for the company from $72.00 to $77.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Bank of America raised C.H. Robinson Worldwide from an underperform rating to a buy rating and lifted their price objective for the company from $70.00 to $86.00 in a research note on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $77.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) traded up $0.23 during midday trading on Thursday, hitting $89.72. The stock had a trading volume of 1,610,700 shares, compared to its average volume of 1,271,267. The firm has a market cap of $12,502.19, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.76 and a beta of 0.48. C.H. Robinson Worldwide has a fifty-two week low of $63.41 and a fifty-two week high of $90.61. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.55.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. equities analysts expect that C.H. Robinson Worldwide will post 3.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were issued a dividend of $0.46 per share. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, December 15th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 54.93%.

In other C.H. Robinson Worldwide news, SVP James Lemke sold 15,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $79.98, for a total transaction of $1,199,700.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jordan T. Kass sold 1,738 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $78.75, for a total value of $136,867.50. Following the sale, the insider now owns 24,348 shares in the company, valued at $1,917,405. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,903 shares of company stock worth $1,854,925. Company insiders own 0.85% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC increased its holdings in C.H. Robinson Worldwide by 21.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 507,801 shares of the transportation company’s stock worth $38,644,000 after purchasing an additional 89,201 shares during the last quarter. Gofen & Glossberg LLC IL purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $411,000. IFM Investors Pty Ltd purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $255,000. California Public Employees Retirement System increased its holdings in C.H. Robinson Worldwide by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 382,894 shares of the transportation company’s stock worth $29,138,000 after purchasing an additional 15,902 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $268,000. Institutional investors own 94.22% of the company’s stock.

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C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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