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

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

Other research analysts have also issued reports about the stock. 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. Baird R W raised C.H. Robinson Worldwide to a hold rating in a research report on Wednesday, July 3rd. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a neutral rating in a research note on Thursday. Bank of America upgraded C.H. Robinson Worldwide from an underperform rating to a buy rating and increased their target price for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Finally, Raymond James initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, May 15th. They set a market perform rating for the company. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $94.06.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW 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 business has a 50-day moving average of $87.71 and a two-hundred day moving average of $80.23. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $105.41. 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 (NASDAQ:CHRW) last posted 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. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company earned $0.90 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts predict that C.H. Robinson Worldwide will post 3.73 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were given a dividend of $0.61 per share. 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 (DPR) is presently 96.44%.

Institutional Trading of C.H. Robinson Worldwide

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of C.H. Robinson Worldwide by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after purchasing an additional 177,119 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in C.H. Robinson Worldwide by 21.1% during the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. Van ECK Associates Corp lifted its holdings in C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after purchasing an additional 2,643,193 shares during the last quarter. ProShare Advisors LLC boosted its position in C.H. Robinson Worldwide by 5.0% in the first quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock valued at $152,426,000 after buying an additional 94,616 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in C.H. Robinson Worldwide by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after buying an additional 68,491 shares during the last quarter. 93.15% of the stock is currently owned by 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.