Barclays Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $85.00

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its target price boosted by research analysts at Barclays from $75.00 to $85.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an "underweight" rating on the transportation company's stock. Barclays's price objective would indicate a potential downside of 17.51% from the company's previous close.

Several other analysts also recently weighed in on the stock. Baird R W raised shares of C.H. Robinson Worldwide to a "hold" rating in a research note on Wednesday, July 3rd. Evercore ISI lifted 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 research note on Thursday, October 3rd. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $87.00 to $110.00 in a research note on Thursday, August 1st. UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lifted their price target for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Benchmark lifted their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Hold" and an average price target of $103.24.

C.H. Robinson Worldwide Trading Down 6.0 %

Shares of NASDAQ:CHRW traded down $6.60 on Thursday, hitting $103.04. 4,086,337 shares of the company's stock were exchanged, compared to its average volume of 1,542,470. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $113.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The business's 50 day simple moving average is $105.72 and its two-hundred day simple moving average is $92.91.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Analysts anticipate that C.H. Robinson Worldwide will post 4.13 EPS for the current fiscal year.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.18% of the company's stock.

Institutional Trading of C.H. Robinson Worldwide

Several large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock worth $1,230,000 after purchasing an additional 98 shares during the last quarter. Central Pacific Bank Trust Division raised its position in C.H. Robinson Worldwide by 13.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company's stock worth $110,000 after buying an additional 120 shares during the last quarter. Empirical Finance LLC lifted its stake in C.H. Robinson Worldwide by 3.4% during the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company's stock valued at $325,000 after acquiring an additional 140 shares during the period. Quent Capital LLC boosted its holdings in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock valued at $26,000 after acquiring an additional 146 shares during the last quarter. Finally, Redwood Investment Management LLC increased its stake in shares of C.H. Robinson Worldwide by 0.6% in the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company's stock worth $2,143,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors 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.