C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Citigroup

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a $127.00 price target on the transportation company’s stock, up from their previous price target of $110.00. Citigroup’s price objective suggests a potential upside of 13.72% from the company’s previous close.

CHRW has been the subject of a number of other research reports. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $140.00 in a report on Friday, October 4th. Benchmark raised their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Susquehanna dropped their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen raised their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $107.63.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $111.68 on Tuesday. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 1.26 and a beta of 0.84. The stock has a fifty day moving average of $106.37 and a two-hundred day moving average of $95.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. On average, analysts anticipate that C.H. Robinson Worldwide will post 4.37 EPS for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.47% of the stock is currently owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

Large investors have recently bought and sold shares of the company. Swedbank AB purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at $1,051,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in C.H. Robinson Worldwide by 13.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock worth $16,301,000 after buying an additional 26,156 shares in the last quarter. abrdn plc lifted its holdings in C.H. Robinson Worldwide by 2.6% in the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after buying an additional 12,992 shares in the last quarter. Cetera Advisors LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $6,665,000. Finally, Forsta AP Fonden grew its stake in shares of C.H. Robinson Worldwide by 113.2% during the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock valued at $9,106,000 after acquiring an additional 43,800 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.