C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $127.00 at Wells Fargo & Company

Key Points

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C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price target increased by Wells Fargo & Company from $125.00 to $127.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's target price suggests a potential upside of 11.54% from the company's previous close.

CHRW has been the topic of a number of other research reports. Evercore ISI dropped their price objective on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. TD Securities raised their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Robert W. Baird raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research note on Thursday. Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, Bank of America raised their price objective on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $116.33.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded down $1.46 during midday trading on Thursday, hitting $113.86. The company's stock had a trading volume of 2,339,374 shares, compared to its average volume of 1,362,338. C.H. Robinson Worldwide has a fifty-two week low of $84.68 and a fifty-two week high of $116.16. The firm's 50 day moving average is $97.53 and its 200-day moving average is $97.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.29. The firm has a market cap of $13.52 billion, a P/E ratio of 25.94, a P/E/G ratio of 1.87 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business's revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.15 EPS. Equities analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.47% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tevis Investment Management lifted its holdings in C.H. Robinson Worldwide by 16.1% in the 2nd quarter. Tevis Investment Management now owns 9,421 shares of the transportation company's stock valued at $910,000 after purchasing an additional 1,307 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in C.H. Robinson Worldwide by 38.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 154,364 shares of the transportation company's stock valued at $14,811,000 after purchasing an additional 42,687 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in C.H. Robinson Worldwide by 370.4% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 55,850 shares of the transportation company's stock valued at $5,359,000 after purchasing an additional 43,978 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in C.H. Robinson Worldwide by 30.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 320,884 shares of the transportation company's stock valued at $30,789,000 after purchasing an additional 75,212 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in C.H. Robinson Worldwide by 50.2% in the 2nd quarter. Wealthfront Advisers LLC now owns 4,164 shares of the transportation company's stock valued at $400,000 after purchasing an additional 1,391 shares in the last quarter. Hedge funds and other 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.