C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $110.00 Price Target at Benchmark

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

Several other brokerages also recently weighed in on CHRW. Robert W. Baird lifted their target price on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a neutral rating in a report on Thursday. Raymond James started coverage on C.H. Robinson Worldwide in a research report on Wednesday, May 15th. They set a market perform rating on the stock. Bank of America raised C.H. Robinson Worldwide from an underperform rating to a buy rating and increased their target price for the stock from $76.00 to $99.00 in a research note on Monday, July 22nd. Baird R W upgraded C.H. Robinson Worldwide to a hold rating in a research note on Wednesday, July 3rd. Finally, Wolfe Research upgraded C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research report on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $94.28.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded down $2.67 during trading hours on Thursday, reaching $99.54. The stock had a trading volume of 605,575 shares, compared to its average volume of 1,659,610. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.33 and a beta of 0.80. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $105.41. The firm has a 50-day moving average of $87.47 and a 200-day moving average of $80.18. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 28.30%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide will post 3.68 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.45%. 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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quent Capital LLC raised its stake in C.H. Robinson Worldwide by 94.8% in the 2nd 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 last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of 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 worth $26,000 after buying an additional 185 shares in the last quarter. Montag A & Associates Inc. acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $30,000. UMB Bank n.a. lifted its stake in shares of C.H. Robinson Worldwide by 147.0% during the first 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 during the period. Finally, Evermay Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 336.0% during the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after acquiring an additional 420 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.