C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $112.00 Price Target at Stifel Nicolaus

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target hoisted by research analysts at Stifel Nicolaus from $107.00 to $112.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 2.87% from the company’s current price.

Several other equities analysts have also commented on CHRW. Susquehanna cut their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Citigroup lowered C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. BMO Capital Markets lifted their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. Finally, Evercore ISI raised 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. One equities 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 company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average target price of $112.88.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $108.88 on Monday. The company’s 50-day moving average price is $108.17 and its 200-day moving average price is $99.95. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a market cap of $12.87 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83.

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

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the company’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 sale, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of large investors have recently modified their holdings of CHRW. FMR LLC increased its holdings in C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after buying an additional 2,449,367 shares during the last quarter. Interval Partners LP purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $82,581,000. Point72 Asset Management L.P. purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $69,378,000. ProShare Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after purchasing an additional 526,872 shares during the last quarter. Finally, Citigroup Inc. grew its position in C.H. Robinson Worldwide by 137.8% in the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock valued at $47,573,000 after buying an additional 249,774 shares during 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.