C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded to “Overweight” at Wells Fargo & Company

Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from an equal weight rating to an overweight rating in a report released on Monday, Marketbeat.com reports. They currently have $130.00 price target on the transportation company’s stock, up from their prior price target of $118.00.

CHRW has been the subject of several other research reports. BMO Capital Markets boosted their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Evercore ISI increased their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group raised their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $109.13.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $108.14 on Monday. The stock has a market capitalization of $12.78 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 1.21 and a beta of 0.83. The business’s 50 day moving average is $107.82 and its two-hundred day moving average is $98.90. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $113.10. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the firm earned $0.84 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts expect that C.H. Robinson Worldwide will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds have recently bought and sold shares of CHRW. Franklin Resources Inc. grew its holdings in shares of C.H. Robinson Worldwide by 59.6% in the third quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after purchasing an additional 27,370 shares during the period. Tidal Investments LLC lifted its stake in shares of C.H. Robinson Worldwide by 50.5% in the third quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock worth $2,460,000 after acquiring an additional 7,482 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after acquiring an additional 144 shares during the last quarter. TCW Group Inc. increased its holdings in shares of C.H. Robinson Worldwide by 12.7% in the 3rd quarter. TCW Group Inc. now owns 28,565 shares of the transportation company’s stock valued at $3,153,000 after acquiring an additional 3,209 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in shares of C.H. Robinson Worldwide by 1.7% during the 3rd quarter. Toronto Dominion Bank now owns 57,910 shares of the transportation company’s stock valued at $6,392,000 after buying an additional 970 shares during the last quarter. Institutional investors and hedge funds 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.