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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by research analysts at TD Cowen from $111.00 to $112.00 in a report issued on Thursday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target points to a potential upside of 23.31% from the company’s previous close.

A number of other research analysts also recently weighed in on CHRW. Barclays raised their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company decreased their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Friday, January 31st. Finally, Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a “buy” rating and a $115.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.38.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $90.83 on Thursday. The stock has a market cap of $10.74 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The stock has a 50-day moving average price of $95.39 and a two-hundred day moving average price of $101.77. C.H. Robinson Worldwide has a 1 year low of $78.16 and a 1 year high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $0.86 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 8.3% on a year-over-year basis. Equities analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently added to or reduced their stakes in CHRW. Tidal Investments LLC increased its position in shares of C.H. Robinson Worldwide by 50.5% in the third quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock worth $2,460,000 after purchasing an additional 7,482 shares during the period. Franklin Resources Inc. increased its holdings in C.H. Robinson Worldwide by 59.6% in the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after buying an additional 27,370 shares during the period. Lord Abbett & CO. LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $11,865,000. GAMMA Investing LLC raised its position in shares of C.H. Robinson Worldwide by 23.6% in the 4th quarter. GAMMA Investing LLC now owns 5,827 shares of the transportation company’s stock valued at $602,000 after buying an additional 1,114 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $287,000. Institutional investors own 93.15% of the company’s stock.

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.