C.H. Robinson Worldwide (NASDAQ:CHRW) Raised to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a sell rating to a buy rating in a report issued on Monday morning, Analyst Price Targets reports. The Goldman Sachs Group currently has $108.00 price target on the transportation company’s stock.

Several other research firms have also recently commented on CHRW. Susquehanna upped their target price on shares of C.H. Robinson Worldwide from $92.00 to $94.00 and gave the stock a neutral rating in a research report on Tuesday, April 13th. Vertical Research initiated coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 26th. They issued a hold rating on the stock. Susquehanna Bancshares upped their price objective on shares of C.H. Robinson Worldwide from $92.00 to $94.00 and gave the company a neutral rating in a research note on Monday, April 12th. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $93.00 to $95.00 and gave the company an underweight rating in a research note on Wednesday, April 28th. Finally, Morgan Stanley upped their price objective on shares of C.H. Robinson Worldwide from $55.00 to $58.00 and gave the company an underweight rating in a research note on Wednesday, April 28th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $97.89.

Shares of C.H. Robinson Worldwide stock opened at $99.17 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.48 and a quick ratio of 1.48. C.H. Robinson Worldwide has a 1 year low of $75.58 and a 1 year high of $106.75. The firm has a market cap of $13.19 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.23 and a beta of 0.70. The stock’s 50 day moving average is $98.01.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, April 27th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.30. C.H. Robinson Worldwide had a net margin of 3.50% and a return on equity of 32.85%. The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the company earned $0.57 EPS. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 4.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Friday, June 4th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, June 3rd. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 54.84%.

In related news, insider Angela K. Freeman sold 3,702 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $98.74, for a total transaction of $365,535.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael John Short sold 17,504 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $99.29, for a total transaction of $1,737,972.16. Following the transaction, the insider now directly owns 32,080 shares of the company’s stock, valued at $3,185,223.20. The disclosure for this sale can be found here. Insiders have sold a total of 23,449 shares of company stock valued at $2,326,439 over the last ninety days. 0.95% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank increased its position in C.H. Robinson Worldwide by 0.3% in the 1st quarter. Comerica Bank now owns 46,183 shares of the transportation company’s stock valued at $4,608,000 after acquiring an additional 130 shares in the last quarter. Rafferty Asset Management LLC grew its position in shares of C.H. Robinson Worldwide by 0.8% during the 1st quarter. Rafferty Asset Management LLC now owns 16,978 shares of the transportation company’s stock worth $1,620,000 after buying an additional 131 shares during the period. Mather Group LLC. grew its position in shares of C.H. Robinson Worldwide by 2.8% during the 4th quarter. Mather Group LLC. now owns 5,229 shares of the transportation company’s stock worth $491,000 after buying an additional 140 shares during the period. Stratos Wealth Partners LTD. boosted its stake in C.H. Robinson Worldwide by 6.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,356 shares of the transportation company’s stock worth $221,000 after acquiring an additional 148 shares during the last quarter. Finally, CSat Investment Advisory L.P. lifted its stake in C.H. Robinson Worldwide by 34.7% in the first quarter. CSat Investment Advisory L.P. now owns 667 shares of the transportation company’s stock valued at $64,000 after buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 90.30% 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 logistics solutions to companies in various industries worldwide. The company operates through two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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