C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $100.00 at Barclays

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its target price increased by analysts at Barclays from $95.00 to $100.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the transportation company's stock. Barclays's price objective suggests a potential downside of 3.46% from the company's current price.

Several other equities analysts also recently commented on the company. Susquehanna upgraded C.H. Robinson Worldwide from a "neutral" rating to a "positive" rating and increased their target price for the company from $115.00 to $130.00 in a research report on Friday, January 3rd. Evercore ISI raised their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. TD Cowen raised their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Robert W. Baird raised their price objective on 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. Finally, Stifel Nicolaus lifted their target price on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a "hold" rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.65.

C.H. Robinson Worldwide Trading Up 0.9 %

C.H. Robinson Worldwide stock traded up $0.89 during trading hours on Friday, hitting $103.58. The stock had a trading volume of 1,119,326 shares, compared to its average volume of 771,554. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 35.84, a P/E/G ratio of 0.83 and a beta of 0.83. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The business's 50 day simple moving average is $106.32 and its 200-day simple moving average is $102.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. On average, equities analysts predict that C.H. Robinson Worldwide will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after purchasing an additional 111 shares during the period. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $41,000. Quarry LP raised its stake in shares of C.H. Robinson Worldwide by 76.7% during the 3rd 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 period. Brooklyn Investment Group raised its stake in shares of C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after purchasing an additional 316 shares during the period. Finally, Eastern Bank bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $54,000. 93.15% of the stock is currently owned by 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.