C.H. Robinson Worldwide (NASDAQ:CHRW) Sets New 52-Week High - Here's Why

Key Points

• C.H. Robinson Worldwide's shares reached a new 52-week high of $117.93, indicating strong investor interest, with significant trading volume of over 1.24 million shares.
• Various analysts have issued updated price targets for CHRW, reflecting a range of opinions; Barclays set a target of $95.00, while UBS raised theirs to $133.00, contributing to a consensus rating of "Moderate Buy."
• The company reported earnings of $1.29 per share for the last quarter, surpassing estimates but showing a 7.7% year-over-year revenue decline.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $117.93 and last traded at $117.74, with a volume of 1244508 shares traded. The stock had previously closed at $116.32.

Analysts Set New Price Targets

CHRW has been the topic of several analyst reports. Barclays reaffirmed an "underweight" rating and issued a $95.00 target price (up from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Tuesday, July 1st. Bank of America increased their target price on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. UBS Group increased their target price on C.H. Robinson Worldwide from $129.00 to $133.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, TD Securities raised their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $116.33.

C.H. Robinson Worldwide Price Performance

The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 1.83 and a beta of 0.86. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $98.74 and a 200 day simple moving average of $97.62.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%. The firm's revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. On average, equities research analysts forecast 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 was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's payout ratio is currently 56.49%.

Insider Activity

In other 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 sale, the insider directly owned 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Capital Inc. acquired a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $25,000. NBC Securities Inc. acquired a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $27,000. First Financial Corp IN acquired a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $31,000. WPG Advisers LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $32,000. Finally, FNY Investment Advisers LLC acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $38,000. 93.15% of the stock is currently 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.

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