Truist Financial Boosts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $190.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective boosted by equities research analysts at Truist Financial from $165.00 to $190.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Truist Financial’s price objective indicates a potential upside of 10.27% from the company’s previous close.

Several other analysts have also recently weighed in on CHRW. Wolfe Research reaffirmed an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. Stephens set a $173.00 price target on C.H. Robinson Worldwide in a research report on Thursday, October 30th. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Evercore ISI upped their price target on shares of C.H. Robinson Worldwide from $175.00 to $196.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Barclays upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $145.00 to $200.00 in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.65.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $172.31 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $159.59 and its 200 day simple moving average is $134.90. The stock has a market cap of $20.36 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. C.H. Robinson Worldwide has a twelve month low of $84.68 and a twelve month high of $174.25.

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

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, November 6th. The shares were 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 owned 65,728 shares of the company’s stock, valued at $9,840,138.88. The trade was a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 97,540 shares of company stock worth $14,721,951. Company insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of CHRW. Vermillion & White Wealth Management Group LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $30,000. Clearstead Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 110.3% in 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. Arlington Trust Co LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $34,000. 93.15% of the stock is currently owned by institutional investors.

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.