C.H. Robinson Worldwide (NASDAQ:CHRW) Reaches New 12-Month High - Time to Buy?

Key Points

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C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $123.14 and last traded at $122.97, with a volume of 1259811 shares. The stock had previously closed at $121.24.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CHRW. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. UBS Group reissued a "buy" rating and issued a $133.00 price target (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Evercore ISI cut their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Baird R W raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.24.

C.H. Robinson Worldwide Stock Performance

The firm has a market capitalization of $14.78 billion, a PE ratio of 28.51, a P/E/G ratio of 1.96 and a beta of 0.86. 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 company's fifty day simple moving average is $104.78 and its 200 day simple moving average is $99.01.

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

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is presently 56.49%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Arun Rajan sold 2,500 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider directly owned 130,591 shares of the company's stock, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction dated Monday, August 11th. The stock was 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. The trade was a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,577 shares of company stock valued at $1,714,544. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the company. North Capital Inc. bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $25,000. NBC Securities Inc. bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth approximately $30,000. First Financial Corp IN bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $31,000. Finally, WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $32,000. 93.15% of the stock is owned by hedge funds and other 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.