C.H. Robinson Worldwide (NASDAQ:CHRW) Shares Up 4.5% – Time to Buy?

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) shot up 4.5% during mid-day trading on Wednesday . The stock traded as high as $150.22 and last traded at $150.1220. 453,521 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 2,007,501 shares. The stock had previously closed at $143.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, August 18th. TD Cowen cut their price objective on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Raymond James Financial set a $192.00 price target on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Finally, Citizens Jmp started coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $197.00.

C.H. Robinson Worldwide Stock Down 0.4%

The business’s 50-day moving average is $172.42 and its two-hundred day moving average is $175.65. The firm has a market capitalization of $17.66 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 1.28 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Institutional Trading of C.H. Robinson Worldwide

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in C.H. Robinson Worldwide by 16,583.8% during the second quarter. California State Teachers Retirement System now owns 39,473,051 shares of the transportation company’s stock worth $7,434,354,000 after acquiring an additional 39,236,456 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the first quarter worth about $579,922,000. Auto Owners Insurance Co raised its position in shares of C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after purchasing an additional 1,501,744 shares during the period. Finally, Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $236,665,000. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.