Robert W. Baird Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $124.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price upped by Robert W. Baird from $115.00 to $124.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Robert W. Baird’s price target would suggest a potential upside of 11.33% from the stock’s current price.

Several other equities analysts have also issued reports on CHRW. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Barclays boosted their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Susquehanna cut their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $140.00 in a report on Friday, October 4th. One equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.19.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $111.38 on Friday. The firm’s 50-day moving average price is $108.09 and its 200-day moving average price is $99.50. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year 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 firm has a market capitalization of $13.17 billion, a P/E 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 issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. Equities research analysts anticipate that C.H. Robinson Worldwide will post 4.38 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in C.H. Robinson Worldwide by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock valued at $436,648,000 after purchasing an additional 142,116 shares in the last quarter. Geode Capital Management LLC increased its position in shares of C.H. Robinson Worldwide by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock valued at $341,555,000 after purchasing an additional 42,189 shares during the last quarter. FMR LLC raised its holdings in shares of C.H. Robinson Worldwide by 2,259.1% during the 3rd 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 in the last quarter. ProShare Advisors LLC lifted its position in C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after buying an additional 526,872 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in C.H. Robinson Worldwide by 12.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after buying an additional 153,654 shares during the last quarter. 93.15% of the stock is owned by 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.