Barclays Forecasts Strong Price Appreciation for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price lifted by Barclays from $85.00 to $95.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential downside of 14.78% from the stock’s previous close.

Other analysts have also issued reports about the stock. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. The Goldman Sachs Group lifted their target price 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. Evercore ISI upped their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $87.00 to $110.00 in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $107.63.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $111.48 on Wednesday. The firm has a 50 day simple moving average of $106.56 and a 200-day simple moving average of $95.51. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84. 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 1-year low of $65.00 and a 1-year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts expect that C.H. Robinson Worldwide will post 4.37 EPS for the current year.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System grew its position in shares of C.H. Robinson Worldwide by 6.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 145,268 shares of the transportation company’s stock valued at $11,061,000 after buying an additional 8,449 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of C.H. Robinson Worldwide by 13.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock worth $16,301,000 after purchasing an additional 26,156 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of C.H. Robinson Worldwide by 1.5% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 42,166 shares of the transportation company’s stock valued at $3,211,000 after purchasing an additional 612 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $49,000. Finally, Mizuho Markets Americas LLC grew its stake in C.H. Robinson Worldwide by 114.7% during the 1st quarter. Mizuho Markets Americas LLC now owns 117,426 shares of the transportation company’s stock worth $8,941,000 after buying an additional 62,726 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other 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.