C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Expected to Rise, TD Cowen Analyst Says

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by TD Cowen from $138.00 to $165.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target suggests a potential downside of 3.33% from the company’s current price.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of C.H. Robinson Worldwide from $155.00 to $166.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Friday. Sanford C. Bernstein upped their target price on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a research note on Friday. Bank of America lifted their price target on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. Finally, Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $155.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $160.35.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded up $4.67 during mid-day trading on Friday, hitting $170.68. 1,333,612 shares of the stock were exchanged, compared to its average volume of 1,842,244. The firm’s 50-day simple moving average is $158.05 and its 200 day simple moving average is $132.45. The stock has a market capitalization of $20.16 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 1.80 and a beta of 0.91. C.H. Robinson Worldwide has a fifty-two week low of $84.68 and a fifty-two week high of $170.62. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the business earned $1.28 EPS. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael John Short sold 2,390 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total value of $386,964.90. Following the transaction, the insider directly owned 55,158 shares in the company, valued at $8,930,631.78. The trade was a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,540 shares of company stock valued at $14,721,951 over the last 90 days. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $27,000. Clearstead Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Park Place Capital Corp acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $39,000. Arlington Trust Co LLC bought a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $34,000. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.