Fintel reports that on November 12, 2024, Citigroup upgraded their outlook for C.H. Robinson Worldwide (NasdaqGS:CHRW) from Neutral to Buy.
Analyst Price Forecast Suggests 2.47% Downside
As of October 22, 2024, the average one-year price target for C.H. Robinson Worldwide is $106.39/share. The forecasts range from a low of $65.65 to a high of $147.00. The average price target represents a decrease of 2.47% from its latest reported closing price of $109.09 / share.
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The projected annual revenue for C.H. Robinson Worldwide is 22,124MM, an increase of 24.56%. The projected annual non-GAAP EPS is 6.13.
What is the Fund Sentiment?
There are 1,267 funds or institutions reporting positions in C.H. Robinson Worldwide. This is an increase of 23 owner(s) or 1.85% in the last quarter. Average portfolio weight of all funds dedicated to CHRW is 0.18%, an increase of 15.34%. Total shares owned by institutions decreased in the last three months by 1.55% to 128,092K shares. 
The put/call ratio of CHRW is 0.40, indicating a bullish outlook.
What are Other Shareholders Doing?
First Eagle Investment Management holds 11,455K shares representing 9.69% ownership of the company. In its prior filing, the firm reported owning 11,465K shares , representing a decrease of 0.09%. The firm increased its portfolio allocation in CHRW by 13.62% over the last quarter.
SGENX - First Eagle Global Fund holds 8,084K shares representing 6.84% ownership of the company. No change in the last quarter.
Charles Schwab Investment Management holds 3,956K shares representing 3.35% ownership of the company. In its prior filing, the firm reported owning 3,814K shares , representing an increase of 3.59%. The firm increased its portfolio allocation in CHRW by 2.51% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,498K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 3,478K shares , representing an increase of 0.55%. The firm increased its portfolio allocation in CHRW by 13.17% over the last quarter.
Geode Capital Management holds 3,104K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 3,062K shares , representing an increase of 1.36%. The firm decreased its portfolio allocation in CHRW by 38.67% over the last quarter.
C.H. Robinson Worldwide Background Information
(This description is provided by the company.)
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $21 billion in freight under management and 19 million shipments annually, C.H. Robinson is one of the world's largest logistics platforms. Its global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world's economy. With the combination of its multimodal transportation management system and expertise, the company uses its information advantage to deliver smarter solutions for its more than 105,000 customers and 73,000 contract carriers. Its technology is built by and for supply chain experts to bring faster, more meaningful improvements to its customers' businesses.
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This story originally appeared on Fintel.
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