C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Increased to Equal Weight at Barclays

Barclays upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from an underweight rating to an equal weight rating in a research note published on Wednesday, MarketBeat Ratings reports. They currently have $130.00 price objective on the transportation company’s stock.

CHRW has been the topic of several other research reports. Citigroup boosted their price objective on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Baird R W raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Robert W. Baird raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Thursday, July 31st. Finally, Bank of America lifted their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $123.19.

C.H. Robinson Worldwide Trading Up 0.2%

NASDAQ:CHRW opened at $132.66 on Wednesday. C.H. Robinson Worldwide has a one year low of $84.68 and a one year high of $138.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The company’s 50-day simple moving average is $123.89 and its 200 day simple moving average is $105.12. The firm has a market capitalization of $15.67 billion, a P/E ratio of 30.22, a PEG ratio of 2.08 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 56.49%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the transaction, the insider owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 over the last three months. 1.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of CHRW. Wealth Enhancement Advisory Services LLC boosted its position in shares of C.H. Robinson Worldwide by 5.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,535 shares of the transportation company’s stock worth $2,535,000 after acquiring an additional 1,209 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company’s stock worth $43,000 after acquiring an additional 300 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of C.H. Robinson Worldwide by 7,706.1% during the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company’s stock worth $46,578,000 after acquiring an additional 449,034 shares during the last quarter. Rhumbline Advisers boosted its position in shares of C.H. Robinson Worldwide by 11.0% during the first quarter. Rhumbline Advisers now owns 244,737 shares of the transportation company’s stock worth $25,061,000 after acquiring an additional 24,232 shares during the last quarter. Finally, Czech National Bank boosted its position in shares of C.H. Robinson Worldwide by 6.4% during the first quarter. Czech National Bank now owns 27,264 shares of the transportation company’s stock worth $2,792,000 after acquiring an additional 1,634 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.