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

Citigroup upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a neutral rating to a buy rating in a research report report published on Tuesday, Marketbeat.com 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 brokerages have also commented on CHRW. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their price target for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $87.00 to $110.00 in a research note on Thursday, August 1st. Susquehanna decreased their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Benchmark increased their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $107.63.

C.H. Robinson Worldwide Trading Down 0.2 %

Shares of NASDAQ CHRW opened at $111.48 on Tuesday. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84. The stock’s 50 day simple moving average is $106.56 and its 200 day simple moving average is $95.51. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $113.10.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, 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 SEC, which can be accessed through this hyperlink. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quent Capital LLC boosted its stake in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC boosted its position in shares of 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 in the last quarter. Sentry Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the first quarter valued at about $49,000. Finally, Eastern Bank acquired a new position in C.H. Robinson Worldwide in the third quarter worth about $54,000. 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.