C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Wells Fargo & Company

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has a $130.00 price objective on the transportation company’s stock, up from their previous price objective of $118.00. Wells Fargo & Company‘s price objective suggests a potential upside of 19.04% from the company’s current price.

CHRW has been the subject of several other research reports. Citigroup cut C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 22nd. The Goldman Sachs Group boosted their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Evercore ISI raised their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Barclays raised their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $109.13.

C.H. Robinson Worldwide Stock Up 1.0 %

NASDAQ:CHRW opened at $109.21 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $12.91 billion, a P/E ratio of 37.79, a P/E/G ratio of 1.21 and a beta of 0.83. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The firm has a 50-day simple moving average of $107.81 and a two-hundred day simple moving average of $99.06.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts predict that C.H. Robinson Worldwide will post 4.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after buying an additional 111 shares in the last quarter. Quarry LP increased its stake in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares during the last quarter. Eastern Bank purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $55,000. Finally, Peoples Bank KS purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $66,000. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.