Benchmark Boosts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $110.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective boosted by Benchmark from $90.00 to $110.00 in a research note published on Thursday morning, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other analysts have also recently commented on the company. UBS Group boosted their price target on C.H. Robinson Worldwide from $90.00 to $100.00 and gave the stock a neutral rating in a research report on Thursday. BMO Capital Markets increased their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a market perform rating in a report on Friday, May 3rd. Evercore ISI upgraded C.H. Robinson Worldwide from an in-line rating to an outperform rating and boosted their target price for the stock from $82.00 to $99.00 in a report on Tuesday, June 25th. Susquehanna increased their price target on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the company a neutral rating in a report on Thursday. Finally, Vertical Research raised C.H. Robinson Worldwide from a sell rating to a buy rating and set a $102.00 price objective on the stock in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $94.06.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $98.63 on Thursday. The stock has a market capitalization of $11.55 billion, a P/E ratio of 38.98, a P/E/G ratio of 2.63 and a beta of 0.80. The company’s fifty day moving average price is $87.71 and its 200 day moving average price is $80.23. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.37 and a current ratio of 1.42. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $105.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide will post 3.73 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were issued a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.47%. C.H. Robinson Worldwide’s dividend payout ratio is presently 96.44%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its holdings in shares of C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares in the last quarter. Quent Capital LLC grew its stake in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after acquiring an additional 146 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $30,000. UMB Bank n.a. raised its stake in shares of C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 294 shares in the last quarter. Finally, Evermay Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 336.0% during the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after purchasing an additional 420 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

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.