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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price increased by research analysts at Stifel Nicolaus from $107.00 to $112.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 0.56% from the stock’s previous close.

Several other equities analysts have also recently issued reports on CHRW. Susquehanna lowered 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 report on Friday, November 1st. Barclays upped their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Evercore ISI increased their target price 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. TD Cowen upped their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday. Finally, Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.88.

C.H. Robinson Worldwide Stock Down 2.3 %

NASDAQ:CHRW opened at $111.38 on Monday. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $108.09 and a 200-day moving average of $99.61. The firm has a market capitalization of $13.17 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data 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. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the firm posted $0.84 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide will post 4.38 EPS for the current year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after buying an additional 111 shares in the last quarter. Quarry LP raised its stake in C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares in the last quarter. Eastern Bank acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $54,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $55,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth about $62,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.