C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $107.00 at The Goldman Sachs Group

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective lifted by The Goldman Sachs Group from $97.00 to $107.00 in a report released on Friday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other equities research analysts also recently issued reports on CHRW. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their target price for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $103.53.

C.H. Robinson Worldwide Trading Down 1.2 %

Shares of NASDAQ:CHRW traded down $1.22 during midday trading on Friday, reaching $101.82. The company’s stock had a trading volume of 1,570,109 shares, compared to its average volume of 1,542,602. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $113.10. The business has a 50 day moving average price of $105.72 and a 200 day moving average price of $93.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 31.35% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide will post 4.21 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a $0.62 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.44%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its stake in C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after buying an additional 185 shares in the last quarter. Quent Capital LLC raised its stake in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares in the last quarter. Eastern Bank acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $55,000. Finally, Peoples Bank KS acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds 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.