C.H. Robinson Worldwide (NASDAQ:CHRW) PT Set at $111.00 by Raymond James Financial

C.H. Robinson Worldwide (NASDAQ:CHRW) has been assigned a $111.00 price objective by analysts at Raymond James Financial in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm presently has an “outperform” rating on the transportation company’s stock. Raymond James Financial’s target price would indicate a potential upside of 13.33% from the company’s previous close.

Several other analysts also recently issued reports on the company. Wolfe Research upgraded C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a research note on Tuesday, July 1st. Citigroup boosted their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Wells Fargo & Company reduced 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. TD Cowen boosted their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group reduced their price target on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $114.29.

C.H. Robinson Worldwide Stock Up 0.9%

CHRW stock opened at $97.94 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide has a twelve month low of $84.68 and a twelve month high of $114.82. The business has a 50 day moving average price of $96.15 and a two-hundred day moving average price of $97.45. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 1.59 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. Analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider owned 71,441 shares of the company’s stock, valued at $6,959,782.22. This represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of CHRW. Principal Financial Group Inc. grew its position in shares of C.H. Robinson Worldwide by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock valued at $15,248,000 after buying an additional 6,889 shares during the last quarter. Amalgamated Bank grew its position in shares of C.H. Robinson Worldwide by 1.9% in the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock valued at $2,365,000 after buying an additional 432 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of C.H. Robinson Worldwide by 4.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company’s stock valued at $877,000 after buying an additional 340 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $206,000. Finally, M&T Bank Corp grew its position in shares of C.H. Robinson Worldwide by 1.7% in the 1st quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock valued at $892,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.