C.H. Robinson Worldwide (NASDAQ:CHRW) Earns Buy Rating from Analysts at Truist Financial

Stock analysts at Truist Financial initiated coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) in a report issued on Thursday, Marketbeat reports. The firm set a "buy" rating and a $115.00 price target on the transportation company's stock. Truist Financial's target price would suggest a potential upside of 13.86% from the stock's current price.

Several other research firms have also recently weighed in on CHRW. Benchmark reissued a "buy" rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Robert W. Baird increased their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating for the company in a research report on Thursday, January 30th. Finally, Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.65.

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C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded up $2.62 during trading hours on Thursday, hitting $101.00. 1,122,803 shares of the company's stock traded hands, compared to its average volume of 1,328,435. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $114.82. The company has a market capitalization of $11.99 billion, a PE ratio of 26.23, a PEG ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The firm's 50-day moving average is $101.13 and its 200-day moving average is $104.55.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Equities analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CHRW. Van ECK Associates Corp increased its stake in shares of C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock worth $310,742,000 after acquiring an additional 3,004,338 shares during the period. FMR LLC increased its stake in shares of C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after acquiring an additional 2,449,367 shares during the period. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $134,833,000. Raymond James Financial Inc. acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $102,174,000. Finally, First Trust Advisors LP increased its stake in shares of C.H. Robinson Worldwide by 163.6% during the fourth quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock worth $124,625,000 after acquiring an additional 748,661 shares during the period. 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.