C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Baird R W

Baird R W upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 target price for the company. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Wolfe Research raised C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $113.50.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $97.96 on Tuesday. The stock’s fifty day simple moving average is $94.50 and its 200 day simple moving average is $97.86. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.62 and a beta of 0.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide has a 52-week low of $84.24 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. C.H. Robinson Worldwide’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. As a group, sell-side analysts forecast that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio is 59.33%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares of the company’s stock, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 2.4% during the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock worth $443,000 after acquiring an additional 102 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in C.H. Robinson Worldwide by 2.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock worth $407,000 after purchasing an additional 105 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company’s stock worth $1,483,000 after purchasing an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in C.H. Robinson Worldwide by 5.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock worth $223,000 after purchasing an additional 114 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in C.H. Robinson Worldwide by 31.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 116 shares during the last quarter. 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.