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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective raised by equities researchers at Barclays from $95.00 to $100.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential downside of 3.08% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Raymond James upgraded C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 price objective on the stock in a research note on Friday, January 10th. The Goldman Sachs Group boosted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, TD Cowen raised their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.65.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded up $0.49 during mid-day trading on Friday, hitting $103.18. 205,439 shares of the company were exchanged, compared to its average volume of 772,396. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The business’s 50 day simple moving average is $106.42 and its two-hundred day simple moving average is $102.37. The company has a market capitalization of $12.20 billion, a P/E ratio of 35.71, a PEG ratio of 0.83 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 earnings per share. Analysts forecast that C.H. Robinson Worldwide will post 4.4 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 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred 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 transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of large investors have recently bought and sold shares of CHRW. D.A. Davidson & CO. boosted its stake in shares of C.H. Robinson Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after acquiring an additional 443 shares in the last quarter. Chesapeake Capital Corp IL bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $835,000. Northstar Advisory Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $587,000. JPMorgan Chase & Co. boosted its holdings in shares of C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after buying an additional 36,769 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $543,000. 93.15% of the stock is currently 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.