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

Key Points

• C.H. Robinson Worldwide shares reached a new 52-week high of $131.18, indicating strong trading activity with a volume of over 1.5 million shares.
• Analysts maintain a consensus rating of "Moderate Buy" for C.H. Robinson, with target prices ranging from $111 to $136, suggesting optimism about the company's future performance.
• The company declared a quarterly dividend of $0.62 per share, which will be paid on October 2nd, showing a commitment to returning value to shareholders with a yield of 1.9%.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $131.18 and last traded at $131.02, with a volume of 1592646 shares changing hands. The stock had previously closed at $127.64.

Analyst Ratings Changes

A number of analysts have commented on CHRW shares. UBS Group reaffirmed a "buy" rating and set a $133.00 target price (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company upped their price target on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, Bank of America upped their price target on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.24.

C.H. Robinson Worldwide Trading Up 2.6%

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The stock's 50-day moving average is $113.35 and its two-hundred day moving average is $101.56. The stock has a market cap of $15.47 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio is presently 56.49%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the sale, the insider owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock valued at $1,714,544 over the last 90 days. 1.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its stake in C.H. Robinson Worldwide by 3.9% in the 2nd quarter. Osaic Holdings Inc. now owns 53,657 shares of the transportation company's stock worth $5,154,000 after buying an additional 2,008 shares during the period. Thrivent Financial for Lutherans increased its stake in C.H. Robinson Worldwide by 865.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 47,015 shares of the transportation company's stock worth $4,511,000 after buying an additional 42,145 shares during the period. Clarion Wealth Managment Partners LLC purchased a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $239,000. CYBER HORNET ETFs LLC bought a new position in C.H. Robinson Worldwide during the 2nd quarter worth about $30,000. Finally, FORA Capital LLC grew its holdings in C.H. Robinson Worldwide by 148.4% during the 2nd quarter. FORA Capital LLC now owns 19,690 shares of the transportation company's stock worth $1,889,000 after acquiring an additional 11,764 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

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.

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