Zacks Investment Research upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a buy rating in a report released on Tuesday. The firm currently has $103.00 price objective on the transportation company’s stock.

According to Zacks, “Shares of C.H. Robinson have outperformed its industry in the last six months. The company reported better-than-expected results in the fourth quarter of 2017. Both earnings and revenues also increased year over year. Notably, increased pricing and volume growth across most transportation sectors drove the top line. The company's efforts to expand globally through mergers are impressive. The acquisition of Milgram & Company, completed in August 2017, is likely to boost the company's global presence and will be accretive this year. Its initiatives to reward shareholders through dividends and share buy backs are also encouraging. In December 2017, the company hiked its quarterly dividend by 2.2%. However, the company is struggling with high costs. Declining intermodal revenues in the fourth quarter also raise concerns.”

CHRW has been the subject of a number of other research reports. Citigroup upgraded C.H. Robinson Worldwide from a neutral rating to a buy rating in a report on Thursday, January 4th. Credit Suisse Group increased their price objective on C.H. Robinson Worldwide from $68.00 to $69.00 and gave the stock an underperform rating in a report on Thursday, November 2nd. Bank of America upgraded C.H. Robinson Worldwide from an underperform rating to a buy rating and increased their price objective for the stock from $70.00 to $86.00 in a report on Tuesday, October 10th. Goldman Sachs Group started coverage on C.H. Robinson Worldwide in a report on Monday, November 13th. They issued a neutral rating and a $78.00 price objective for the company. Finally, Cowen increased their price objective on C.H. Robinson Worldwide from $87.00 to $88.00 and gave the stock an outperform rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $82.53.

C.H. Robinson Worldwide (CHRW) opened at $89.35 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.26 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $12,932.48, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46. C.H. Robinson Worldwide has a twelve month low of $63.41 and a twelve month high of $100.18.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 2.06%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.54%.

In related news, VP Angela K. Freeman sold 1,300 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total transaction of $104,832.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Ben G. Campbell sold 4,865 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $85.00, for a total value of $413,525.00. Following the sale, the vice president now directly owns 29,837 shares in the company, valued at $2,536,145. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. QS Investors LLC boosted its position in shares of C.H. Robinson Worldwide by 0.3% during the second quarter. QS Investors LLC now owns 5,793 shares of the transportation company’s stock valued at $398,000 after buying an additional 17 shares during the last quarter. Sentry Investment Management LLC boosted its position in C.H. Robinson Worldwide by 0.6% in the second quarter. Sentry Investment Management LLC now owns 6,057 shares of the transportation company’s stock worth $416,000 after purchasing an additional 39 shares during the last quarter. Advisory Services Network LLC boosted its position in C.H. Robinson Worldwide by 1.8% in the second quarter. Advisory Services Network LLC now owns 3,484 shares of the transportation company’s stock worth $239,000 after purchasing an additional 60 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in C.H. Robinson Worldwide by 6.2% in the second quarter. Thrivent Financial For Lutherans now owns 5,746 shares of the transportation company’s stock worth $395,000 after purchasing an additional 336 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its position in C.H. Robinson Worldwide by 11.6% in the second quarter. Stonebridge Capital Advisors LLC now owns 3,850 shares of the transportation company’s stock worth $264,000 after purchasing an additional 400 shares during the last quarter. 94.10% of the stock is currently owned by institutional investors.

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C.H. Robinson Worldwide Company Profile

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.

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

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