C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $122.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price lifted by Evercore ISI from $112.00 to $122.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price would suggest a potential upside of 14.31% from the company’s current price.

Several other research firms have also weighed in on CHRW. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Tuesday, July 9th. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $99.53.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $106.73 on Thursday. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $110.51. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The stock has a market cap of $12.50 billion, a P/E ratio of 42.19, a PEG ratio of 2.15 and a beta of 0.82. The company’s 50-day simple moving average is $101.25 and its 200 day simple moving average is $88.03.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, research analysts forecast that C.H. Robinson Worldwide will post 4.13 earnings per share for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its position in shares of C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after acquiring an additional 2,643,193 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. Interval Partners LP bought a new position in C.H. Robinson Worldwide in the second quarter valued at $82,581,000. Pzena Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $66,474,000. Finally, Point72 Asset Management L.P. bought a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $69,378,000. 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.