TD Cowen Boosts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $113.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective upped by equities researchers at TD Cowen from $103.00 to $113.00 in a note issued to investors on Thursday, Briefing.com reports. The firm presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective indicates a potential upside of 3.06% from the stock’s previous close.

CHRW has been the topic of a number of other reports. Evercore ISI boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Citigroup began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, October 9th. They set a “neutral” rating and a $115.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of 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. Finally, Baird R W upgraded shares of 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, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.88.

C.H. Robinson Worldwide Trading Up 1.5 %

Shares of NASDAQ:CHRW opened at $109.64 on Thursday. The company has a 50 day moving average of $105.68 and a 200-day moving average of $92.84. The firm has a market cap of $12.86 billion, a P/E ratio of 39.58, a P/E/G ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $113.10. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. As a group, analysts anticipate that C.H. Robinson Worldwide will post 4.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.18% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Several large investors have recently modified their holdings of CHRW. Vanguard Group Inc. boosted its holdings in C.H. Robinson Worldwide by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after purchasing an additional 177,119 shares during the period. First Eagle Investment Management LLC boosted its holdings in C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after purchasing an additional 2,003,158 shares during the period. ProShare Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after purchasing an additional 526,872 shares during the period. Bank of New York Mellon Corp boosted its holdings in C.H. Robinson Worldwide by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company’s stock valued at $115,921,000 after purchasing an additional 34,632 shares during the period. Finally, Interval Partners LP bought a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $82,581,000. 93.15% of the stock is owned by 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.