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 Stephens in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $111.00 target price on the transportation company’s stock. Stephens’ price objective would suggest a potential upside of 8.61% from the stock’s current price.

CHRW has been the subject of several other research reports. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Citigroup raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 13th. Barclays upped their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Raymond James dropped their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $114.06.

C.H. Robinson Worldwide Trading Down 5.3 %

NASDAQ CHRW traded down $5.73 during mid-day trading on Thursday, reaching $102.20. 562,141 shares of the stock were exchanged, compared to its average volume of 921,764. The stock has a market capitalization of $12.08 billion, a PE ratio of 35.32, a PEG ratio of 0.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82. The business’s fifty day simple moving average is $105.85 and its 200 day simple moving average is $103.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 return on equity of 30.38% and a net margin of 1.96%. On average, research analysts anticipate that C.H. Robinson Worldwide will post 4.39 earnings per share for the current fiscal year.

Insider Activity

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 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 directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value 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 disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Quarry LP increased its position in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 171 shares during the period. Missouri Trust & Investment Co bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $41,000. Brooklyn Investment Group boosted its position in C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after acquiring an additional 316 shares during the period. Finally, Eastern Bank bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $54,000. 93.15% of the stock is currently owned by institutional investors.

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.