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Stifel Nicolaus Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $111.00

C.H. Robinson Worldwide logo with Transportation background

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C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price target hoisted by investment analysts at Stifel Nicolaus from $108.00 to $111.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' price objective points to a potential downside of 2.51% from the stock's current price.

A number of other analysts have also issued reports on CHRW. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a research note on Thursday. UBS Group reissued a "buy" rating and set a $133.00 target price (up from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday. Bank of America boosted their target price on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. boosted their target price on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Baird R W raised shares of C.H. Robinson Worldwide to a "hold" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.33.

Get Our Latest Analysis on CHRW

C.H. Robinson Worldwide Trading Down 1.3%

Shares of CHRW traded down $1.46 during trading hours on Thursday, reaching $113.86. 2,339,374 shares of the company traded hands, compared to its average volume of 1,362,338. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.87 and a beta of 0.86. C.H. Robinson Worldwide has a 12-month low of $84.68 and a 12-month high of $116.16. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.52. The stock's fifty day moving average price is $97.53 and its 200 day moving average price is $97.35.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business's revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 earnings per share. Sell-side analysts forecast that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider owned 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHRW. Tevis Investment Management raised its position in shares of C.H. Robinson Worldwide by 16.1% in the 2nd quarter. Tevis Investment Management now owns 9,421 shares of the transportation company's stock valued at $910,000 after purchasing an additional 1,307 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of C.H. Robinson Worldwide by 38.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 154,364 shares of the transportation company's stock valued at $14,811,000 after purchasing an additional 42,687 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of C.H. Robinson Worldwide by 370.4% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 55,850 shares of the transportation company's stock valued at $5,359,000 after purchasing an additional 43,978 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of C.H. Robinson Worldwide by 30.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 320,884 shares of the transportation company's stock valued at $30,789,000 after purchasing an additional 75,212 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in shares of C.H. Robinson Worldwide by 50.2% in the 2nd quarter. Wealthfront Advisers LLC now owns 4,164 shares of the transportation company's stock valued at $400,000 after purchasing an additional 1,391 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Company Profile

(Get Free Report)

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.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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