BMO Capital Markets Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $118.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price lifted by BMO Capital Markets from $115.00 to $118.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price objective points to a potential upside of 5.94% from the stock’s previous close.

Several other research analysts have also weighed in on CHRW. TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Evercore ISI increased their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Citigroup cut C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Barclays upped their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group lifted their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $111.19.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $111.38 on Friday. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 38.54, a P/E/G ratio of 1.25 and a beta of 0.83. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $108.09 and its 200-day simple moving average is $99.50.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. On average, sell-side analysts predict that C.H. Robinson Worldwide will post 4.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. D.A. Davidson & CO. increased its stake in C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after acquiring an additional 443 shares during the period. Chesapeake Capital Corp IL bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $835,000. abrdn plc raised its stake in shares of C.H. Robinson Worldwide by 2.6% in the third quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock valued at $55,818,000 after purchasing an additional 12,992 shares in the last quarter. Forsta AP Fonden raised its stake in shares of C.H. Robinson Worldwide by 113.2% in the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock valued at $9,106,000 after purchasing an additional 43,800 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in C.H. Robinson Worldwide by 62.3% during the third quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock worth $3,549,000 after buying an additional 12,348 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.