C.H. Robinson Worldwide (NASDAQ:CHRW) Reaches New 52-Week High - Should You Buy?

Key Points

• C.H. Robinson Worldwide (NASDAQ:CHRW) shares reached a new 52-week high of $131.17 before closing at $127.84, signaling strong market interest with over 2.26 million shares traded.
• Wall Street analysts show a generally positive outlook, with a significant number recommending a Buy or Strong Buy rating, and price targets ranging from $120.00 to $136.00.
• The company announced a quarterly dividend of $0.62 per share which indicates a healthy dividend yield of 1.9%, contributing to investor confidence.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $131.17 and last traded at $127.84, with a volume of 2265048 shares changing hands. The stock had previously closed at $129.29.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CHRW shares. TD Cowen boosted their price target on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Barclays restated 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. Finally, Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $117.24.

C.H. Robinson Worldwide Stock Down 1.3%

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 stock has a 50-day simple moving average of $111.62 and a 200-day simple moving average of $101.01. The company has a market cap of $14.89 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87.

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, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the firm posted $1.15 EPS. The firm's quarterly revenue was down 7.7% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. C.H. Robinson Worldwide's dividend payout ratio is 56.49%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 over the last 90 days. 1.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of CHRW. North Capital Inc. acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at approximately $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at approximately $30,000. First Financial Corp IN acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at approximately $31,000. Finally, WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds 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.