C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Stifel Nicolaus

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a $113.00 price target on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 12.50% from the company’s previous close.

Several other analysts have also weighed in on CHRW. Bank of America cut their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a report on Thursday. Robert W. Baird upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Finally, TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.50.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $100.44 on Friday. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $114.82. The firm has a market capitalization of $11.87 billion, a PE ratio of 26.09, a P/E/G ratio of 0.89 and a beta of 0.83. The firm has a 50-day moving average price of $105.69 and a 200 day moving average price of $103.72. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 35.64%. On average, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.82 earnings per share for the current fiscal year.

Insider Activity at C.H. Robinson Worldwide

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

Several large investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $41,000. Quarry LP lifted its position in C.H. Robinson Worldwide by 76.7% during 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. Brooklyn Investment Group boosted its holdings in C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 316 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $52,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.