C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $125.00 Price Target at Wells Fargo & Company

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lowered by Wells Fargo & Company from $130.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 22.69% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Robert W. Baird upped their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Benchmark restated a “buy” rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Friday, January 31st. Susquehanna dropped their target price on C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a “buy” rating and a $129.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.90.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $101.88 on Thursday. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82. 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 stock has a market cap of $12.09 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The stock’s 50-day moving average is $100.65 and its 200-day moving average is $104.39.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities research analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 in the last three months. 1.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Large investors have recently made changes to their positions in the company. Inspire Investing LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $810,000. D.A. Davidson & CO. grew its holdings in shares of C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares in the last quarter. Northstar Advisory Group LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth $587,000. JPMorgan Chase & Co. boosted its position in shares of 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 valued at $155,830,000 after buying an additional 36,769 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $211,000. 93.15% of the stock is owned by 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.