C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Up 5.9% - Time to Buy?

Key Points

• C.H. Robinson shares jumped 5.9% to about $177.95 on Thursday, but trading volume (~419,000 shares) was roughly 81% below the average daily volume.
• Analysts hold a consensus of Moderate Buy (15 Buys, 7 Holds, 1 Sell) with a mean target of $186.43, and several firms recently raised price targets (e.g., TD Cowen to $194, Susquehanna to $220).
• Latest quarter: EPS beat at $1.23 versus $1.12 expected while revenue fell 6.5% YoY to $3.91B; the company pays a $0.63 quarterly dividend (1.4% yield) and trades at a P/E of 37.7.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report)'s stock price rose 5.9% during trading on Thursday . The stock traded as high as $177.16 and last traded at $177.9540. Approximately 418,919 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 2,158,350 shares. The stock had previously closed at $168.08.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several recent research reports. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a "hold" rating in a report on Thursday, January 29th. Wolfe Research reissued an "outperform" rating and set a $188.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th. Morgan Stanley increased their target price on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an "underweight" rating in a research note on Thursday, January 29th. Sanford C. Bernstein increased their target price on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a "market perform" rating in a research note on Friday, January 9th. Finally, Susquehanna increased their target price on shares of C.H. Robinson Worldwide from $210.00 to $220.00 and gave the stock a "positive" rating in a research note on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.43.

C.H. Robinson Worldwide Stock Performance

The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm's 50-day moving average is $176.51 and its two-hundred day moving average is $163.04. The stock has a market cap of $21.46 billion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 1.75 and a beta of 0.93.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The company's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, March 6th. C.H. Robinson Worldwide's dividend payout ratio is 52.17%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,579 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $200.52, for a total value of $1,720,261.08. Following the completion of the sale, the insider owned 55,611 shares in the company, valued at approximately $11,151,117.72. This represents a 13.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Short sold 6,368 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the sale, the insider owned 52,101 shares of the company's stock, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 17,796 shares worth $3,555,415. Insiders own 0.37% of the company's stock.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds have recently bought and sold shares of the business. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $25,000. DV Equities LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $27,000. Bayban acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $32,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $27,000. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.