C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective boosted by investment analysts at The Goldman Sachs Group from $97.00 to $107.00 in a research report issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. The Goldman Sachs Group's price target would suggest a potential upside of 5.09% from the company's current price.

A number of other analysts have also issued reports on the stock. Susquehanna cut their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday. Vertical Research raised shares of C.H. Robinson Worldwide from a "sell" rating to a "buy" rating and set a $102.00 target price on the stock in a research note on Tuesday, July 9th. Citigroup assumed coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, October 9th. They set a "neutral" rating and a $115.00 target price on the stock. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Evercore ISI upped 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. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Hold" and an average price target of $103.53.

C.H. Robinson Worldwide Trading Down 1.2 %

C.H. Robinson Worldwide stock traded down $1.22 during trading on Friday, hitting $101.82. The company had a trading volume of 1,570,109 shares, compared to its average volume of 1,542,602. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $113.10. The company's 50 day simple moving average is $105.72 and its 200-day simple moving average is $93.14.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued 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. C.H. Robinson Worldwide had a return on equity of 31.35% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.53 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The company's revenue was up 7.0% on a year-over-year basis. As a group, analysts expect that C.H. Robinson Worldwide will post 4.21 EPS for the current fiscal year.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction 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 transaction, the insider now directly owns 70,943 shares of the company's stock, valued at $6,979,372.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.47% of the company's stock.

Institutional Trading of C.H. Robinson Worldwide

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