The Goldman Sachs Group Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $97.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by The Goldman Sachs Group from $90.00 to $97.00 in a research note released on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on CHRW. Susquehanna increased their price objective on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a neutral rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a neutral rating to an overweight rating and raised their price target for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Barclays upped their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an underweight rating in a research note on Friday, August 2nd. Vertical Research upgraded C.H. Robinson Worldwide from a sell rating to a buy rating and set a $102.00 target price for the company in a research report on Tuesday, July 9th. Finally, UBS Group upgraded C.H. Robinson Worldwide from a neutral rating to a buy rating and increased their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $100.29.

C.H. Robinson Worldwide Stock Up 2.0 %

NASDAQ CHRW opened at $110.17 on Wednesday. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $110.51. The stock has a market cap of $12.92 billion, a PE ratio of 39.77, a PEG ratio of 2.19 and a beta of 0.82. The firm has a 50-day simple moving average of $103.05 and a 200 day simple moving average of $89.43. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. On average, research analysts forecast that C.H. Robinson Worldwide will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a $0.62 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 annualized dividend and a yield of 2.25%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 89.53%.

Insider Activity

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

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds have recently modified their holdings of CHRW. Quent Capital LLC grew its holdings 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 purchasing an additional 146 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of C.H. Robinson Worldwide by 168.2% in the 2nd 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 during the period. UMB Bank n.a. increased its position in shares of C.H. Robinson Worldwide by 147.0% in the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after buying an additional 294 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth $49,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in C.H. Robinson Worldwide during the third quarter worth about $55,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.