Fintel reports that on July 9, 2024, JP Morgan upgraded their outlook for C.H. Robinson Worldwide (NasdaqGS:CHRW) from Underweight to Neutral.
Analyst Price Forecast Suggests 0.81% Downside
As of July 4, 2024, the average one-year price target for C.H. Robinson Worldwide is $85.92/share. The forecasts range from a low of $60.60 to a high of $103.95. The average price target represents a decrease of 0.81% from its latest reported closing price of $86.62 / share.
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The projected annual revenue for C.H. Robinson Worldwide is 22,124MM, an increase of 27.17%. The projected annual non-GAAP EPS is 6.13.
What is the Fund Sentiment?
There are 1,230 funds or institutions reporting positions in C.H. Robinson Worldwide. This is an decrease of 103 owner(s) or 7.73% in the last quarter. Average portfolio weight of all funds dedicated to CHRW is 0.15%, an increase of 6.59%. Total shares owned by institutions increased in the last three months by 3.31% to 130,273K shares. 
The put/call ratio of CHRW is 0.45, indicating a bullish outlook.
What are Other Shareholders Doing?
First Eagle Investment Management holds 11,486K shares representing 9.81% ownership of the company. In its prior filing, the firm reported owning 9,483K shares , representing an increase of 17.44%. The firm increased its portfolio allocation in CHRW by 0.85% over the last quarter.
SGENX - First Eagle Global Fund holds 8,084K shares representing 6.90% ownership of the company. In its prior filing, the firm reported owning 7,004K shares , representing an increase of 13.36%. The firm decreased its portfolio allocation in CHRW by 5.24% over the last quarter.
Charles Schwab Investment Management holds 3,742K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 1,052K shares , representing an increase of 71.88%. The firm increased its portfolio allocation in CHRW by 185.03% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,478K shares representing 2.97% ownership of the company. In its prior filing, the firm reported owning 3,470K shares , representing an increase of 0.25%. The firm decreased its portfolio allocation in CHRW by 19.45% over the last quarter.
Geode Capital Management holds 2,956K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 2,818K shares , representing an increase of 4.66%. The firm decreased its portfolio allocation in CHRW by 18.30% 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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