C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) had its price target raised by analysts at Wells Fargo & Company from $88.00 to $93.00 in a report released on Friday, Stock Target Advisor reports. The firm presently has an “underweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 5.56% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Robert W. Baird raised their target price on C.H. Robinson Worldwide from $105.00 to $115.00 and gave the company a “hold” rating in a report on Thursday, April 28th. JPMorgan Chase & Co. raised their target price on C.H. Robinson Worldwide from $117.00 to $120.00 in a report on Thursday, April 28th. Wolfe Research downgraded C.H. Robinson Worldwide from an “outperform” rating to a “peer perform” rating in a report on Tuesday, July 12th. Credit Suisse Group assumed coverage on C.H. Robinson Worldwide in a research note on Monday, June 27th. They set an “underperform” rating and a $102.00 price target for the company. Finally, StockNews.com assumed coverage on C.H. Robinson Worldwide in a research note on Thursday, March 31st. They set a “hold” rating for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $109.90.
C.H. Robinson Worldwide Price Performance
Shares of NASDAQ CHRW opened at $98.48 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a fifty day moving average price of $103.40 and a 200 day moving average price of $102.72. C.H. Robinson Worldwide has a 1-year low of $84.67 and a 1-year high of $115.99. The company has a market cap of $12.53 billion, a PE ratio of 13.91, a P/E/G ratio of 1.45 and a beta of 0.73.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The transportation company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.51. C.H. Robinson Worldwide had a return on equity of 47.22% and a net margin of 3.75%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same period last year, the company earned $1.28 earnings per share. Sell-side analysts forecast that C.H. Robinson Worldwide will post 7.34 EPS for the current year.
Insider Buying and Selling at C.H. Robinson Worldwide
In other news, CEO Robert C. Biesterfeld, Jr. sold 4,286 shares of the business’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $109.00, for a total transaction of $467,174.00. Following the completion of the sale, the chief executive officer now owns 181,610 shares in the company, valued at approximately $19,795,490. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Angela K. Freeman sold 28,054 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $110.03, for a total transaction of $3,086,781.62. Following the transaction, the insider now directly owns 54,520 shares of the company’s stock, valued at approximately $5,998,835.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert C. Biesterfeld, Jr. sold 4,286 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $109.00, for a total value of $467,174.00. Following the transaction, the chief executive officer now directly owns 181,610 shares in the company, valued at $19,795,490. The disclosure for this sale can be found here. Insiders sold 64,679 shares of company stock worth $7,167,699 in the last 90 days. 1.64% of the stock is owned by company insiders.
Hedge Funds Weigh In On C.H. Robinson Worldwide
Institutional investors have recently made changes to their positions in the business. TAP Consulting LLC bought a new position in C.H. Robinson Worldwide during the 4th quarter worth $29,000. Penserra Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at $30,000. Ellevest Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 67.6% in the first quarter. Ellevest Inc. now owns 290 shares of the transportation company’s stock valued at $31,000 after buying an additional 117 shares during the period. ACG Wealth acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $42,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at $46,000. 93.48% of the stock is owned by institutional investors and hedge funds.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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Read More: C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $93.00