C.H. Robinson Worldwide (NASDAQ:CHRW) Sets New 12-Month High Following Analyst Upgrade

Key Points

• C.H. Robinson Worldwide's stock reached a new 52-week high after Stifel Nicolaus upgraded the price target from $108.00 to $111.00, currently trading at $115.32.
• Analysts have varying ratings on the stock, with a consensus rating of "Moderate Buy" and a target price averaging $116.33 among 14 buy ratings and 8 hold ratings.
• Insider Angela K. Freeman sold 5,700 shares at an average price of $97.42, resulting in a 7.39% decrease in her ownership of the company's stock.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday after Baird R W upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $116.16 and last traded at $115.32, with a volume of 6469994 shares. The stock had previously closed at $97.65.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price target on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday. Bank of America lifted their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Barclays reissued an "underweight" rating and issued a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Citigroup lifted their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $116.33.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.47% of the company's stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently made changes to their positions in the company. Tevis Investment Management boosted its holdings in shares of C.H. Robinson Worldwide by 16.1% during the second quarter. Tevis Investment Management now owns 9,421 shares of the transportation company's stock worth $910,000 after acquiring an additional 1,307 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of C.H. Robinson Worldwide by 38.2% during the second quarter. Teacher Retirement System of Texas now owns 154,364 shares of the transportation company's stock worth $14,811,000 after acquiring an additional 42,687 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of C.H. Robinson Worldwide by 370.4% during the second quarter. Y Intercept Hong Kong Ltd now owns 55,850 shares of the transportation company's stock worth $5,359,000 after acquiring an additional 43,978 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 30.6% during the second quarter. Envestnet Asset Management Inc. now owns 320,884 shares of the transportation company's stock worth $30,789,000 after acquiring an additional 75,212 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in shares of C.H. Robinson Worldwide by 50.2% during the second quarter. Wealthfront Advisers LLC now owns 4,164 shares of the transportation company's stock worth $400,000 after acquiring an additional 1,391 shares during the period. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 1.3%

The company has a market cap of $13.52 billion, a P/E ratio of 25.94, a PEG ratio of 1.87 and a beta of 0.86. The business has a fifty day moving average price of $97.53 and a 200-day moving average price of $97.35. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating 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 company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The firm's quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's payout ratio is presently 56.49%.

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.