C.H. Robinson Worldwide (NASDAQ:CHRW) Sets New 52-Week High – Time to Buy?

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) shares hit a new 52-week high on Thursday . The stock traded as high as $163.12 and last traded at $163.25, with a volume of 445287 shares. The stock had previously closed at $160.10.

Analyst Ratings Changes

A number of research firms recently issued reports on CHRW. Stephens set a $173.00 price target on C.H. Robinson Worldwide in a research report on Thursday, October 30th. Raymond James Financial lifted their target price on C.H. Robinson Worldwide from $158.00 to $161.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. The Goldman Sachs Group upped their price target on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.48.

C.H. Robinson Worldwide Price Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. The company has a 50-day simple moving average of $146.64 and a 200-day simple moving average of $124.90. The stock has a market cap of $19.40 billion, a PE ratio of 33.33, a PEG ratio of 2.08 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 EPS. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.12%.

Insider Buying and Selling

In other news, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the sale, the insider owned 65,728 shares of the company’s stock, valued at $9,840,138.88. The trade was a 43.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in CHRW. Vermillion & White Wealth Management Group LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. WPG Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $32,000. Clearstead Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $34,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.