Citigroup Upgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to Buy

Citigroup upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a neutral rating to a buy rating in a research report released on Tuesday, MarketBeat.com reports. They currently have $127.00 target price on the transportation company’s stock, up from their prior target price of $110.00.

A number of other brokerages also recently commented on CHRW. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Barclays raised their target price on shares of C.H. Robinson Worldwide from $75.00 to $85.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Evercore ISI upped their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Susquehanna decreased their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.00.

C.H. Robinson Worldwide Stock Up 0.1 %

Shares of C.H. Robinson Worldwide stock opened at $109.09 on Tuesday. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $113.10. 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 stock has a market cap of $12.90 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 1.25 and a beta of 0.84. The firm’s 50-day moving average is $106.22 and its two-hundred day moving average is $95.29.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. C.H. Robinson Worldwide’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts expect that C.H. Robinson Worldwide will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend 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 85.81%.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its stake in C.H. Robinson Worldwide by 6.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 145,268 shares of the transportation company’s stock valued at $11,061,000 after acquiring an additional 8,449 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of C.H. Robinson Worldwide by 13.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after purchasing an additional 26,156 shares during the period. First Eagle Investment Management LLC grew its position in shares of C.H. Robinson Worldwide by 21.1% in the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after purchasing an additional 2,003,158 shares during the period. Wilkins Investment Counsel Inc. increased its stake in shares of C.H. Robinson Worldwide by 69.6% during the first quarter. Wilkins Investment Counsel Inc. now owns 91,230 shares of the transportation company’s stock worth $6,946,000 after purchasing an additional 37,435 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of C.H. Robinson Worldwide by 1.5% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 42,166 shares of the transportation company’s stock worth $3,211,000 after purchasing an additional 612 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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.