C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $118.00 at BMO Capital Markets

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price upped by investment analysts at BMO Capital Markets from $115.00 to $118.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target suggests a potential upside of 5.94% from the company’s current price.

Several other analysts have also weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $118.00 to $130.00 in a report on Monday, December 9th. Susquehanna cut their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Citigroup cut C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Evercore ISI lifted their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $111.19.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $111.38 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The stock’s fifty day simple moving average is $108.09 and its 200 day simple moving average is $99.50. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 38.54, a P/E/G ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, analysts expect that C.H. Robinson Worldwide will post 4.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds have recently modified their holdings of CHRW. Wealth Enhancement Advisory Services LLC boosted its position in shares of C.H. Robinson Worldwide by 10.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 22,861 shares of the transportation company’s stock worth $2,015,000 after purchasing an additional 2,241 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in C.H. Robinson Worldwide by 16.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,498 shares of the transportation company’s stock valued at $308,000 after acquiring an additional 497 shares during the period. TCW Group Inc. increased its holdings in shares of C.H. Robinson Worldwide by 72.4% in the second quarter. TCW Group Inc. now owns 25,356 shares of the transportation company’s stock worth $2,234,000 after acquiring an additional 10,647 shares in the last quarter. MBL Wealth LLC acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth about $1,388,000. Finally, Accredited Investors Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 0.6% during the 2nd quarter. Accredited Investors Inc. now owns 80,739 shares of the transportation company’s stock valued at $7,114,000 after purchasing an additional 518 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.