UBS Group Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $100.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price increased by UBS Group from $90.00 to $100.00 in a report published on Thursday, Benzinga reports. UBS Group currently has a neutral rating on the transportation company’s stock.

A number of other equities research analysts also recently issued reports on CHRW. Bank of America raised C.H. Robinson Worldwide from an underperform rating to a buy rating and boosted their price target for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. Wells Fargo & Company boosted their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an equal weight rating in a report on Thursday. Vertical Research upgraded shares of C.H. Robinson Worldwide from a sell rating to a buy rating and set a $102.00 price target on the stock in a report on Tuesday, July 9th. Raymond James initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They set a market perform rating for the company. Finally, BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a market perform rating in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $94.06.

C.H. Robinson Worldwide Trading Down 3.5 %

Shares of CHRW stock opened at $98.63 on Thursday. The firm’s 50-day simple moving average is $87.71 and its 200-day simple moving average is $80.23. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.37. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $105.41. The firm has a market cap of $11.55 billion, a P/E ratio of 38.98, a PEG ratio of 2.63 and a beta of 0.80.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm posted $0.90 earnings per share. C.H. Robinson Worldwide’s revenue was up 1.4% on a year-over-year basis. As a group, equities analysts forecast that C.H. Robinson Worldwide will post 3.73 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is 96.44%.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its stake in C.H. Robinson Worldwide by 13.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 9,565 shares of the transportation company’s stock valued at $826,000 after acquiring an additional 1,160 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $612,000. Arizona State Retirement System lifted its position in shares of C.H. Robinson Worldwide by 0.7% during the fourth quarter. Arizona State Retirement System now owns 32,000 shares of the transportation company’s stock worth $2,764,000 after purchasing an additional 233 shares during the last quarter. Autumn Glory Partners LLC grew its stake in C.H. Robinson Worldwide by 3.1% in the fourth quarter. Autumn Glory Partners LLC now owns 9,932 shares of the transportation company’s stock worth $858,000 after purchasing an additional 294 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at about $9,710,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.