C.H. Robinson Worldwide (CHRW) Raised to “Buy” at Citigroup

Citigroup upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a neutral rating to a buy rating in a research note issued to investors on Thursday morning, MarketBeat.com reports.

A number of other analysts have also issued reports on the stock. Bank of America raised shares of C.H. Robinson Worldwide from an underperform rating to a buy rating and boosted their target price for the company from $70.00 to $86.00 in a research note on Tuesday, October 10th. Credit Suisse Group reissued a sell rating and set a $68.00 target price (up from $63.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, October 12th. They noted that the move was a valuation call. Cowen raised shares of C.H. Robinson Worldwide from a market perform rating to an outperform rating and boosted their target price for the company from $68.00 to $87.00 in a research note on Monday, October 16th. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a buy rating to a hold rating in a research note on Friday, November 17th. Finally, Oppenheimer reissued a hold rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, November 1st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. C.H. Robinson Worldwide presently has a consensus rating of Hold and a consensus target price of $77.44.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded down $0.15 on Thursday, hitting $89.57. 860,045 shares of the stock were exchanged, compared to its average volume of 1,162,729. The stock has a market capitalization of $12,513.38, a price-to-earnings ratio of 26.74, a P/E/G ratio of 2.76 and a beta of 0.48. C.H. Robinson Worldwide has a 1 year low of $63.41 and a 1 year high of $90.67. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share. equities analysts forecast that C.H. Robinson Worldwide will post 3.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were issued a $0.46 dividend. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Friday, December 15th. C.H. Robinson Worldwide’s payout ratio is presently 54.93%.

In other C.H. Robinson Worldwide news, SVP James Lemke sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $79.98, for a total value of $1,199,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela K. Freeman sold 1,300 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total transaction of $104,832.00. The disclosure for this sale can be found here. Insiders sold 22,903 shares of company stock valued at $1,854,925 over the last 90 days. 0.85% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CHRW. Nicolet Bankshares Inc. bought a new position in C.H. Robinson Worldwide in the third quarter worth about $202,000. Integrated Investment Consultants LLC raised its holdings in C.H. Robinson Worldwide by 39.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock worth $204,000 after purchasing an additional 750 shares in the last quarter. Fox Run Management L.L.C. bought a new position in C.H. Robinson Worldwide in the third quarter worth about $205,000. MML Investors Services LLC raised its holdings in C.H. Robinson Worldwide by 10.2% in the second quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock worth $208,000 after purchasing an additional 280 shares in the last quarter. Finally, Conning Inc. bought a new position in C.H. Robinson Worldwide in the third quarter worth about $213,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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