Robert W. Baird Boosts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $124.00

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective increased by stock analysts at Robert W. Baird from $115.00 to $124.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Robert W. Baird's price target points to a potential upside of 11.33% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets boosted their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a report on Friday. Barclays upped their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an "underweight" rating in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Evercore ISI upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Finally, UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.19.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded down $2.68 on Friday, hitting $111.38. The company's stock had a trading volume of 1,632,117 shares, compared to its average volume of 1,505,879. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 39.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82. The stock's 50-day moving average is $108.00 and its two-hundred day moving average is $99.24.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. C.H. Robinson Worldwide's revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that C.H. Robinson Worldwide will post 4.38 EPS for the current year.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction 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 of the company's stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after acquiring an additional 111 shares during the last quarter. Quarry LP grew its holdings in C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Eastern Bank acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $55,000. Finally, EdgeRock Capital LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth about $62,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

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.