C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded by Citigroup to “Buy” Rating

Citigroup upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a neutral rating to a buy rating in a research note published on Tuesday morning, Marketbeat reports. The firm currently has $127.00 price objective on the transportation company’s stock, up from their prior price objective of $110.00.

CHRW has been the topic of several other research reports. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. TD Cowen lifted their target price on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Benchmark boosted their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their price objective for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. Finally, Robert W. Baird boosted their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $107.00.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $109.09 on Tuesday. The firm has a 50-day moving average of $106.22 and a 200 day moving average of $95.29. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.42. The company has a market cap of $12.90 billion, a P/E ratio of 37.75, a PEG ratio of 1.25 and a beta of 0.84. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHRW. Quent Capital LLC lifted its position in C.H. Robinson Worldwide by 94.8% in 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 during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Sentry Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $49,000. Finally, Eastern Bank bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $54,000. 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.