C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $119.00 Price Target at TD Cowen

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target upped by investment analysts at TD Cowen from $113.00 to $119.00 in a report issued on Friday, MarketBeat Ratings reports. The firm presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective suggests a potential upside of 6.84% from the company’s previous close.

Several other research analysts have also commented on the company. Evercore ISI boosted their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Susquehanna reduced their target price on shares of 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. The Goldman Sachs Group raised their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Robert W. Baird boosted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. One 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.19.

C.H. Robinson Worldwide Trading Down 2.3 %

NASDAQ CHRW opened at $111.38 on Friday. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The company’s 50-day simple moving average is $108.09 and its two-hundred day simple moving average is $99.50.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data 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. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. Equities analysts forecast that C.H. Robinson Worldwide will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after buying an additional 2,449,367 shares during the period. Interval Partners LP acquired a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $82,581,000. Point72 Asset Management L.P. purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $69,378,000. ProShare Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after purchasing an additional 526,872 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of C.H. Robinson Worldwide by 137.8% during the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock valued at $47,573,000 after purchasing an additional 249,774 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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.