C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded at Citigroup

Citigroup upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) from a neutral rating to a buy rating in a research report report published on Tuesday morning, MarketBeat reports. The firm currently has $127.00 target price on the transportation company's stock, up from their previous target price of $110.00.

Other analysts also recently issued research reports about the stock. Bank of America raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and increased their target price for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. TD Cowen raised their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Benchmark raised their target price on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Susquehanna decreased their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $107.00.

C.H. Robinson Worldwide Trading Up 0.3 %

C.H. Robinson Worldwide stock traded up $0.38 during midday trading on Tuesday, hitting $109.41. 342,486 shares of the stock were exchanged, compared to its average volume of 1,531,809. The company has a current ratio of 1.49, a quick ratio of 1.42 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 1.25 and a beta of 0.84. The stock's 50-day simple moving average is $106.11 and its 200 day simple moving average is $95.01. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. On average, equities analysts anticipate that C.H. Robinson Worldwide will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 85.81%.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC lifted its holdings in C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company's stock valued at $874,548,000 after acquiring an additional 2,003,158 shares during the last quarter. Interval Partners LP acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth about $82,581,000. Point72 Asset Management L.P. acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth about $69,378,000. ProShare Advisors LLC raised its holdings in C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock worth $222,837,000 after buying an additional 526,872 shares during the period. Finally, Citigroup Inc. raised its holdings in C.H. Robinson Worldwide by 137.8% during the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock worth $47,573,000 after buying an additional 249,774 shares during the period. 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.