C.H. Robinson Worldwide (CHRW) PT Raised to $96.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective raised by equities researchers at BMO Capital Markets to $96.00 in a research report issued on Thursday, The Fly reports. The firm currently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target points to a potential upside of 4.96% from the company’s previous close. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued research reports about the company. KeyCorp reissued a “buy” rating and set a $85.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, October 12th. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their target price for the stock from $70.00 to $86.00 in a research note on Tuesday, October 10th. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Wednesday, October 18th. Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, BidaskClub cut C.H. Robinson Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $81.41.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at $91.46 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $13,262.19, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.67 and a beta of 0.48. C.H. Robinson Worldwide has a one year low of $63.41 and a one year high of $100.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.89% and a net margin of 3.40%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. equities analysts expect that C.H. Robinson Worldwide will post 4.07 EPS for the current year.

In related news, VP Ben G. Campbell sold 4,865 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $85.00, for a total value of $413,525.00. Following the completion of the transaction, the vice president now directly owns 29,837 shares in the company, valued at $2,536,145. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jordan T. Kass sold 1,738 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 6th. The shares were sold at an average price of $78.75, for a total value of $136,867.50. Following the completion of the transaction, the insider now owns 24,348 shares of the company’s stock, valued at $1,917,405. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,903 shares of company stock valued at $1,854,925. Company insiders own 0.85% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in C.H. Robinson Worldwide by 10.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,060 shares of the transportation company’s stock valued at $1,609,000 after purchasing an additional 1,673 shares during the period. Horan Capital Management boosted its holdings in C.H. Robinson Worldwide by 1.2% in the fourth quarter. Horan Capital Management now owns 48,649 shares of the transportation company’s stock valued at $4,334,000 after purchasing an additional 581 shares during the period. Chicago Equity Partners LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at $700,000. Northstar Investment Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 3.4% in the fourth quarter. Northstar Investment Advisors LLC now owns 98,364 shares of the transportation company’s stock valued at $8,763,000 after purchasing an additional 3,270 shares during the period. Finally, LMR Partners LLP purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at $229,000. Hedge funds and other institutional investors own 94.31% of the company’s stock.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.