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

C.H. Robinson Worldwide CHRW is benefiting from its cost-reduction initiatives. The company’s shareholder-friendly initiatives also bode well.Let us delve deep to unearth the factors working in favor of this Zacks Rank #2 (Buy) stock.CHRW’s Northward Earnings Estimates: The Zacks Consensus Estimate for current-quarter, current-year and next-year earnings has been revised upward 3.8%, 5.8% and 3.3%, respectively, in the past 60 days. Such favorable estimate revisions reflect brokers’ confidence in the stock.Given the wealth of information at the brokers’ disposal, it is in the best interest of investors to be guided by their expert advice and the direction of their estimate revisions. This is because it serves as a key indicator in determining the price of a stock.Impressive Price Performance of CHRW: Shares of CHRW  have gained 29.3% year to date against its industry’s decline of 6.9%.Image Source: Zacks Investment ResearchOther Tailwinds of CHRW: C.H. Robinson’s efforts to reward its shareholders through dividends and share buybacks are impressive. In August, CHRW hiked its quarterly dividend by 1.6%. In the third quarter of 2024, CHRW returned $77.1 million of cash to its shareholders, including $73 million in cash dividends and $4.1 million through share repurchases.Efforts to cut costs are driving the bottom line with revenues being weak due to lackluster freight demand. The earnings beat achieved in the third quarter, despite the freight downturn, underscores the effectiveness of the company's pricing strategies and cost-saving measures. Other Stocks to ConsiderSome other top-ranked stocks from the Zacks Transportation sector are Westinghouse Air Brake Technologies Corporation, operating as Wabtec WAB and Expeditors International of Washington, Inc. EXPD. WAB presently sports a Zacks Rank #1 (Strong Buy), while EXPD carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.Wabtec, based in Pittsburgh, PA, offers technology-based locomotives, equipment, systems and services for the freight rail and passenger transit industries worldwide.Wabtec’s top line benefits from higher sales across its Freight and Transit segments. Strong segmental performance driven by an improving economy and restructuring actions have led to a healthy balance sheet that supports its shareholder-friendly stance. EXPD has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters (missed the mark once and met in the other quarter), delivering an average surprise of 4.75%.The Zacks Consensus Estimate for EXPD’s 2024 earnings has been revised 6.4% upward in the past 90 days. EXPD has an expected earnings growth rate of 5.79% for 2024. Shares of EXPD have gained 58.5% so far this year.Free: 5 Stocks to Buy As Infrastructure Spending SoarsTrillions of dollars in Federal funds have been earmarked to repair and upgrade America’s infrastructure. In addition to roads and bridges, this flood of cash will pour into AI data centers, renewable energy sources and more.In, you’ll discover 5 surprising stocks positioned to profit the most from the spending spree that’s just getting started in this space.Download How to Profit from the Trillion-Dollar Infrastructure Boom absolutely free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report C.H. Robinson Worldwide, Inc. (CHRW): Free Stock Analysis Report Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks