C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $119.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target upped by TD Cowen from $113.00 to $119.00 in a research note issued to investors on Friday,Briefing.com Automated Import reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target would suggest a potential upside of 4.33% from the stock’s current price.

Several other brokerages also recently issued reports on CHRW. Evercore ISI raised their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Barclays lifted their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday. Citigroup lowered shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $118.00 to $130.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and an average price target of $111.19.

C.H. Robinson Worldwide Stock Up 4.5 %

Shares of C.H. Robinson Worldwide stock opened at $114.06 on Friday. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.68. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $108.00 and a two-hundred day moving average price of $99.24. The stock has a market capitalization of $13.48 billion, a P/E ratio of 39.47, a PEG ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the firm earned $0.84 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts expect that C.H. Robinson Worldwide will post 4.38 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was 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 in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of CHRW. Franklin Resources Inc. increased its stake in shares of C.H. Robinson Worldwide by 59.6% in the third quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after buying an additional 27,370 shares in the last quarter. Tidal Investments LLC raised its position in shares of C.H. Robinson Worldwide by 50.5% during the third quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock worth $2,460,000 after acquiring an additional 7,482 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after acquiring an additional 144 shares during the period. TCW Group Inc. boosted its holdings in C.H. Robinson Worldwide by 12.7% in the third quarter. TCW Group Inc. now owns 28,565 shares of the transportation company’s stock valued at $3,153,000 after acquiring an additional 3,209 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in C.H. Robinson Worldwide by 1.7% in the third quarter. Toronto Dominion Bank now owns 57,910 shares of the transportation company’s stock worth $6,392,000 after purchasing an additional 970 shares during the period. Institutional investors and hedge funds 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.