C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a buy rating in a report released on Friday morning, MarketBeat.com reports. Stifel Nicolaus currently has $113.00 price objective on the transportation company’s stock.

Other equities analysts have also issued research reports about the stock. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday. Evercore ISI lifted their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $117.33.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $99.49 on Friday. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The company has a 50 day moving average price of $105.52 and a 200 day moving average price of $103.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 35.64%. Sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp lifted its holdings in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after buying an additional 3,004,338 shares in the last quarter. FMR LLC raised its holdings in shares of C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. Citigroup Inc. increased its holdings in C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock valued at $47,573,000 after buying an additional 249,774 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of C.H. Robinson Worldwide by 12.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock valued at $155,149,000 after buying an additional 153,654 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after purchasing an additional 142,116 shares in the last quarter. 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.