C.H. Robinson Worldwide (NASDAQ:CHRW) Reaches New 52-Week High – Should You Buy?

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) hit a new 52-week high on Monday . The stock traded as high as $110.59 and last traded at $108.90, with a volume of 48044 shares changing hands. The stock had previously closed at $110.17.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several recent analyst reports. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group raised their price target on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Citigroup started coverage on C.H. Robinson Worldwide in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 price objective for the company. Finally, Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.29.

C.H. Robinson Worldwide Stock Performance

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 43.12, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The stock’s fifty day simple moving average is $103.48 and its 200-day simple moving average is $90.13.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period last year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. C.H. Robinson Worldwide’s payout ratio is currently 98.02%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.47% of the stock is owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently bought and sold shares of CHRW. Swedbank AB acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $1,051,000. Norden Group LLC acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $4,585,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of C.H. Robinson Worldwide by 13.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock worth $16,301,000 after buying an additional 26,156 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $6,665,000. Finally, Janney Montgomery Scott LLC grew its position in shares of C.H. Robinson Worldwide by 30.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 144,984 shares of the transportation company’s stock valued at $11,039,000 after buying an additional 33,995 shares during the last quarter. 93.15% of the stock is 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.