Wells Fargo & Company Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $155.00

Key Points

• Wells Fargo & Company raised its price target for C.H. Robinson Worldwide from $127.00 to $155.00, indicating a potential upside of 15.51% from the current stock price.
• Analysts have varied opinions on C.H. Robinson, with a mix of ratings; 1 Strong Buy, 14 Buy, and 8 Hold ratings, resulting in an average consensus rating of Moderate Buy.
• C.H. Robinson reported $1.29 earnings per share for the recent quarter, exceeding estimates, but experienced a 7.7% decline in revenue compared to the previous year.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective upped by research analysts at Wells Fargo & Company from $127.00 to $155.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's target price points to a potential upside of 15.51% from the company's current price.

Several other analysts have also issued reports on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of C.H. Robinson Worldwide in a research report on Saturday, September 27th. Barclays upgraded shares of C.H. Robinson Worldwide from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $95.00 to $130.00 in a report on Wednesday, October 1st. JPMorgan Chase & Co. increased their price target on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Bank of America upped their price objective on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Finally, 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, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $127.52.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded down $1.21 on Monday, hitting $134.19. 52,249 shares of the company's stock were exchanged, compared to its average volume of 1,388,749. The company has a 50-day simple moving average of $125.18 and a 200-day simple moving average of $105.69. The stock has a market capitalization of $15.85 billion, a PE ratio of 30.61, a PEG ratio of 1.87 and a beta of 0.90. C.H. Robinson Worldwide has a 1 year low of $84.68 and a 1 year high of $138.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 EPS. As a group, equities analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

Insider Activity

In related news, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the transaction, the insider owned 130,591 shares in the company, valued at $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,577 shares of company stock worth $1,714,544. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in CHRW. GAMMA Investing LLC raised its stake in shares of C.H. Robinson Worldwide by 24.6% in the third quarter. GAMMA Investing LLC now owns 6,151 shares of the transportation company's stock worth $814,000 after purchasing an additional 1,213 shares during the last quarter. Park National Corp OH bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $230,000. Osaic Holdings Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 3.9% in the second quarter. Osaic Holdings Inc. now owns 53,657 shares of the transportation company's stock worth $5,154,000 after acquiring an additional 2,008 shares during the period. Thrivent Financial for Lutherans boosted its stake in C.H. Robinson Worldwide by 865.4% during the second quarter. Thrivent Financial for Lutherans now owns 47,015 shares of the transportation company's stock valued at $4,511,000 after buying an additional 42,145 shares during the period. Finally, Clarion Wealth Managment Partners LLC bought a new stake in C.H. Robinson Worldwide during the second quarter valued at $239,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.