Barclays Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $95.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective raised by equities research analysts at Barclays from $85.00 to $95.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price target suggests a potential downside of 14.78% from the stock’s previous close.

CHRW has been the topic of several other research reports. Evercore ISI lifted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Robert W. Baird boosted their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Susquehanna reduced their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $127.00 in a research note on Tuesday. Finally, Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $111.48 on Wednesday. The firm has a market cap of $13.18 billion, a P/E ratio of 38.57, a P/E/G ratio of 1.26 and a beta of 0.84. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $113.10. The business’s 50-day moving average price is $106.56 and its 200 day moving average price is $95.51. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that C.H. Robinson Worldwide will post 4.37 earnings per share for the current year.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently modified their holdings of CHRW. Point72 Asia Singapore Pte. Ltd. raised its holdings in C.H. Robinson Worldwide by 5.4% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,861 shares of the transportation company’s stock valued at $1,088,000 after acquiring an additional 507 shares during the last quarter. Public Sector Pension Investment Board increased its stake in C.H. Robinson Worldwide by 10.7% in the third quarter. Public Sector Pension Investment Board now owns 5,159 shares of the transportation company’s stock valued at $569,000 after purchasing an additional 500 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in C.H. Robinson Worldwide by 12.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after buying an additional 153,654 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in C.H. Robinson Worldwide by 154.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,931 shares of the transportation company’s stock valued at $15,444,000 after buying an additional 84,943 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $1,021,000. Hedge funds and other institutional investors own 93.15% 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 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.