Wells Fargo & Company Issues Pessimistic Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective decreased by equities researchers at Wells Fargo & Company from $130.00 to $125.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 23.60% from the stock’s current price.

CHRW has been the topic of several other research reports. Citigroup dropped their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. TD Cowen increased their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Friday, January 31st. Finally, BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.89.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $101.13 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $12.00 billion, a P/E ratio of 26.27, a PEG ratio of 1.16 and a beta of 0.83. The business has a 50 day simple moving average of $100.58 and a 200-day simple moving average of $104.37. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, equities analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide 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 in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in CHRW. Parallel Advisors LLC increased its position in C.H. Robinson Worldwide by 2.4% during the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock worth $443,000 after purchasing an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after purchasing an additional 105 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of C.H. Robinson Worldwide by 0.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company’s stock worth $1,483,000 after buying an additional 112 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after buying an additional 131 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after buying an additional 144 shares during the period. 93.15% of the stock is currently 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.