Raymond James Upgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to “Outperform”

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities researchers at Raymond James from a “market perform” rating to an “outperform” rating in a report released on Friday, MarketBeat reports. The firm presently has a $123.00 price objective on the transportation company’s stock. Raymond James’ price objective points to a potential upside of 20.87% from the stock’s previous close.

Several other research analysts have also commented on the company. The Goldman Sachs Group lifted their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Wells Fargo & Company raised 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. Barclays upped their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Citigroup raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.35.

C.H. Robinson Worldwide Trading Down 1.8 %

Shares of C.H. Robinson Worldwide stock opened at $101.76 on Friday. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. 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 business has a 50-day moving average price of $106.61 and a 200-day moving average price of $102.06. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction 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 owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of large investors have recently made changes to their positions in CHRW. Diversified Trust Co lifted its stake in C.H. Robinson Worldwide by 5.0% during the 4th quarter. Diversified Trust Co now owns 3,414 shares of the transportation company’s stock valued at $353,000 after acquiring an additional 164 shares during the period. Nordea Investment Management AB boosted its stake in shares of C.H. Robinson Worldwide by 10.7% during the 4th quarter. Nordea Investment Management AB now owns 311,982 shares of the transportation company’s stock worth $32,343,000 after acquiring an additional 30,248 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $287,000. GAMMA Investing LLC raised its holdings in C.H. Robinson Worldwide by 23.6% in the 4th quarter. GAMMA Investing LLC now owns 5,827 shares of the transportation company’s stock worth $602,000 after purchasing an additional 1,114 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

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.