C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $120.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target increased by Susquehanna from $95.00 to $120.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would suggest a potential upside of 10.76% from the stock’s previous close.

CHRW has been the topic of a number of other reports. Robert W. Baird boosted their target price on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price target for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Benchmark upped their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Evercore ISI upgraded shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and upped their price target for the company from $82.00 to $99.00 in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $95.33.

C.H. Robinson Worldwide Stock Up 0.7 %

NASDAQ CHRW opened at $108.34 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50 day simple moving average is $99.78 and its 200 day simple moving average is $87.09. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $109.33. The company has a market capitalization of $12.71 billion, a P/E ratio of 42.82, a PEG ratio of 2.15 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business 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 firm earned $0.90 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts expect 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 C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after purchasing an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of C.H. Robinson Worldwide by 21.1% during the 1st 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. Van ECK Associates Corp increased its stake in shares of C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares during the last quarter. ProShare Advisors LLC increased 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 last quarter. Finally, Wellington Management Group LLP increased its stake in shares of C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after purchasing an additional 68,491 shares during the last quarter. 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.