Here's Why You Should Add C.H. Robinson Stock to Your Portfolio Now

Group 1 - C.H. Robinson Worldwide (CHRW) is experiencing positive momentum due to its cost-reduction initiatives and shareholder-friendly actions [1][3] - The Zacks Consensus Estimate for CHRW's earnings has been revised upward by 3.8% for the current quarter, 5.8% for the current year, and 3.3% for the next year, indicating broker confidence [2] - CHRW's stock has gained 29.3% year-to-date, contrasting with a 6.9% decline in its industry [3] Group 2 - CHRW has returned $77.1 million to shareholders in Q3 2024, including $73 million in cash dividends and $4.1 million through share repurchases, alongside a 1.6% increase in its quarterly dividend [3] - Despite weak revenues due to low freight demand, CHRW achieved an earnings beat in Q3, highlighting the effectiveness of its pricing strategies and cost-saving measures [4] Group 3 - Other notable stocks in the Zacks Transportation sector include Wabtec (WAB) and Expeditors International of Washington, Inc. (EXPD), with WAB holding a Zacks Rank 1 and EXPD a Zacks Rank 2 [5] - Wabtec's performance is bolstered by higher sales in its Freight and Transit segments, supported by an improving economy and restructuring actions [7] - EXPD's earnings estimates have been revised upward by 6.4% for 2024, with an expected earnings growth rate of 5.79% and a year-to-date stock gain of 58.5% [8]