C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective raised by Stifel Nicolaus from $112.00 to $113.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price points to a potential upside of 4.47% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Barclays increased their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. Robert W. Baird boosted their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. BMO Capital Markets increased their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday, December 13th. Finally, Raymond James raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 price objective for the company in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $114.71.

C.H. Robinson Worldwide Stock Up 1.1 %

CHRW opened at $108.16 on Thursday. The firm has a market capitalization of $12.79 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The company has a fifty day moving average price of $105.88 and a 200-day moving average price of $103.15. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the company earned $0.84 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts expect that C.H. Robinson Worldwide will post 4.39 earnings per share for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Sector Pension Investment Board purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $411,000. Bank of Montreal Can boosted its position in shares of C.H. Robinson Worldwide by 16.5% during the second quarter. Bank of Montreal Can now owns 260,064 shares of the transportation company’s stock valued at $23,297,000 after buying an additional 36,769 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in C.H. Robinson Worldwide by 60.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,162 shares of the transportation company’s stock worth $1,953,000 after buying an additional 8,356 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $69,378,000. Finally, Toronto Dominion Bank lifted its stake in C.H. Robinson Worldwide by 64.0% during the 2nd quarter. Toronto Dominion Bank now owns 56,940 shares of the transportation company’s stock valued at $5,018,000 after acquiring an additional 22,231 shares during the period. 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.