C.H. Robinson Worldwide (NASDAQ:CHRW) Sets New 12-Month High - Here's What Happened

Key Points

• C.H. Robinson Worldwide shares reached a new 52-week high of $119.76, reflecting a trading volume of 332 shares and an increase from the previous close of $118.77.
• Analyst ratings for C.H. Robinson indicate a consensus of "Moderate Buy" with a price target averaging $116.33, with mixed outlooks from various firms offering price objectives ranging from $95.00 to $127.00.
• The company announced a $0.62 quarterly dividend to be paid on October 2nd, which represents an annualized yield of 2.1% and reflects a payout ratio of 56.49%.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $119.61 and last traded at $119.76, with a volume of 332 shares trading hands. The stock had previously closed at $118.77.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of research analyst reports. 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 for the company in a research report on Tuesday, July 1st. Bank of America upped their price objective on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Barclays reaffirmed an "underweight" rating and set a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.33.

C.H. Robinson Worldwide Stock Up 1.2%

The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm's 50 day simple moving average is $100.44 and its 200-day simple moving average is $97.89. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 1.83 and a beta of 0.86.

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 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. C.H. Robinson Worldwide's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 EPS. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business 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 $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.1%. C.H. Robinson Worldwide's dividend payout ratio is 56.49%.

Insider Buying and Selling

In related news, insider Michael John Short sold 6,364 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. North Capital Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $25,000. NBC Securities Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $27,000. First Financial Corp IN bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $31,000. WPG Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $32,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 93.15% of the company's stock.

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.

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