C.H. Robinson Worldwide (NASDAQ:CHRW) Reaches New 1-Year High – Time to Buy?

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $113.57 and last traded at $113.10, with a volume of 1081227 shares changing hands. The stock had previously closed at $109.13.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $118.00 to $130.00 in a report on Monday, December 9th. TD Cowen upped their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday. Robert W. Baird increased their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday. Citigroup lowered C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets upped their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $111.19.

C.H. Robinson Worldwide Price Performance

The firm has a 50 day moving average price of $108.09 and a 200 day moving average price of $99.41. The stock has a market capitalization of $13.17 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. 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 (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide 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 transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC increased its holdings in C.H. Robinson Worldwide by 83.5% in 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 during the last quarter. Quarry LP increased its holdings in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. Eastern Bank purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $54,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $55,000. Finally, EdgeRock Capital LLC purchased a new position in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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.