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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective hoisted by stock analysts at TD Cowen from $112.00 to $116.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target suggests a potential upside of 1.88% from the company’s current price.

Other equities analysts have also issued reports about the company. UBS Group dropped their target price on C.H. Robinson Worldwide from $130.00 to $129.00 and set a “buy” rating for the company in a research note on Thursday, July 3rd. Evercore ISI lowered their price target on C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a report on Tuesday, July 1st. Citigroup raised their target price on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $116.33.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $113.86 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.29. The firm has a market cap of $13.52 billion, a PE ratio of 25.94, a P/E/G ratio of 1.87 and a beta of 0.86. The firm has a 50 day simple moving average of $97.53 and a 200-day simple moving average of $97.35. C.H. Robinson Worldwide has a 1-year low of $84.68 and a 1-year high of $116.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. C.H. Robinson Worldwide’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. On average, equities analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider owned 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CHRW. Principal Financial Group Inc. lifted its holdings in 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 worth $15,248,000 after buying an additional 6,889 shares in the last quarter. Amalgamated Bank increased its position in shares of C.H. Robinson Worldwide by 1.9% during the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock worth $2,365,000 after acquiring an additional 432 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of C.H. Robinson Worldwide by 4.1% in the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company’s stock worth $877,000 after acquiring an additional 340 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $206,000. Finally, M&T Bank Corp boosted its holdings in C.H. Robinson Worldwide by 1.7% in the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock valued at $892,000 after purchasing an additional 144 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.