C.H. Robinson Worldwide (NASDAQ:CHRW) Earns “Equal Weight” Rating from Stephens

C.H. Robinson Worldwide (NASDAQ:CHRW)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They presently have a $111.00 price objective on the transportation company’s stock. Stephens’ price objective points to a potential upside of 11.57% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Evercore ISI raised their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Susquehanna raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and increased their price target for the company from $115.00 to $130.00 in a report on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company upgraded 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average target price of $117.33.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $99.49 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $11.76 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a 50 day moving average price of $105.52 and a two-hundred day moving average price of $103.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that C.H. Robinson Worldwide will post 4.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael D. Castagnetto sold 2,032 shares of the company’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. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the company. Convergence Investment Partners LLC increased its position in C.H. Robinson Worldwide by 19.6% in the fourth quarter. Convergence Investment Partners LLC now owns 12,277 shares of the transportation company’s stock worth $1,268,000 after purchasing an additional 2,011 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of C.H. Robinson Worldwide by 54.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,370 shares of the transportation company’s stock worth $555,000 after buying an additional 1,898 shares during the period. Venturi Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 420.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,269 shares of the transportation company’s stock worth $131,000 after buying an additional 1,025 shares during the last quarter. CIBC Asset Management Inc boosted its stake in C.H. Robinson Worldwide by 1.2% in the fourth quarter. CIBC Asset Management Inc now owns 19,409 shares of the transportation company’s stock valued at $2,005,000 after acquiring an additional 232 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in C.H. Robinson Worldwide by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 142,016 shares of the transportation company’s stock worth $14,673,000 after acquiring an additional 7,183 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.