C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Expected to Rise, Barclays Analyst Says

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective boosted by equities research analysts at Barclays from $75.00 to $85.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price objective would indicate a potential downside of 16.52% from the company’s previous close.

Several other research analysts have also recently commented on the company. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Vertical Research raised C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Tuesday, July 9th. BMO Capital Markets increased their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, TD Cowen increased their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.53.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $101.82 on Thursday. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.82. The business has a fifty day moving average of $105.72 and a 200-day moving average of $93.14. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 31.35% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide will post 4.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were 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 of the company’s stock, valued at $6,979,372.34. This represents a 0.00 % 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 insiders.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of CHRW. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in C.H. Robinson Worldwide by 2.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 413,068 shares of the transportation company’s stock worth $31,451,000 after purchasing an additional 8,783 shares in the last quarter. Norden Group LLC bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $4,585,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of C.H. Robinson Worldwide by 233.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,143 shares of the transportation company’s stock worth $8,158,000 after buying an additional 75,043 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of C.H. Robinson Worldwide by 7.8% in the 1st quarter. BNP Paribas Financial Markets now owns 168,056 shares of the transportation company’s stock worth $12,796,000 after buying an additional 12,162 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of C.H. Robinson Worldwide by 30.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 144,984 shares of the transportation company’s stock worth $11,039,000 after buying an additional 33,995 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.