C.H. Robinson Worldwide, Inc. (CHRW) Receives New Coverage from Analysts at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) began coverage on shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in a report published on Monday. The brokerage issued a neutral rating and a $78.00 price objective on the transportation company’s stock.

CHRW has been the topic of a number of other research reports. Deutsche Bank AG reduced their target price on C.H. Robinson Worldwide from $75.00 to $60.00 and set a hold rating on the stock in a report on Friday, July 21st. Zacks Investment Research raised C.H. Robinson Worldwide from a hold rating to a buy rating and set a $85.00 target price on the stock in a report on Wednesday, October 18th. Credit Suisse Group AG raised their target price on C.H. Robinson Worldwide from $68.00 to $69.00 and gave the company an underperform rating in a report on Thursday, November 2nd. Bank of America Corporation raised C.H. Robinson Worldwide from an underperform rating to a buy rating and raised their target price for the company from $70.00 to $86.00 in a report on Tuesday, October 10th. Finally, BidaskClub raised C.H. Robinson Worldwide from a strong sell rating to a sell rating in a report on Saturday, August 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $77.35.

Shares of C.H. Robinson Worldwide (CHRW) traded up $0.03 during trading hours on Monday, reaching $80.36. The company had a trading volume of 1,185,900 shares, compared to its average volume of 1,526,901. The firm has a market capitalization of $11,198.43, a P/E ratio of 23.98, a P/E/G ratio of 2.76 and a beta of 0.44. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $81.35. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.55.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. sell-side analysts predict that C.H. Robinson Worldwide will post 3.32 EPS for the current fiscal year.

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In related news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jordan T. Kass sold 1,738 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $78.75, for a total value of $136,867.50. Following the transaction, the insider now directly owns 24,348 shares of the company’s stock, valued at $1,917,405. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,938 shares of company stock valued at $1,419,032. 0.85% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of C.H. Robinson Worldwide by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 15,399,851 shares of the transportation company’s stock worth $1,057,661,000 after acquiring an additional 270,521 shares in the last quarter. BlackRock Inc. raised its position in shares of C.H. Robinson Worldwide by 3.6% in the 2nd quarter. BlackRock Inc. now owns 10,889,921 shares of the transportation company’s stock worth $747,922,000 after acquiring an additional 377,726 shares in the last quarter. Capital International Investors raised its position in shares of C.H. Robinson Worldwide by 5.7% in the 2nd quarter. Capital International Investors now owns 8,678,462 shares of the transportation company’s stock worth $596,037,000 after acquiring an additional 469,829 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of C.H. Robinson Worldwide by 51.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,370,010 shares of the transportation company’s stock worth $484,758,000 after acquiring an additional 2,161,520 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of C.H. Robinson Worldwide by 1.3% in the 3rd quarter. Baillie Gifford & Co. now owns 5,184,766 shares of the transportation company’s stock worth $394,561,000 after acquiring an additional 68,050 shares in the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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