Stifel Nicolaus Upgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to "Buy"

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was upgraded by stock analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a $113.00 price target on the transportation company's stock. Stifel Nicolaus' price target suggests a potential upside of 14.35% from the company's previous close.

CHRW has been the subject of several other research reports. Barclays raised their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. Bank of America decreased their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Evercore ISI upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. TD Cowen raised their price objective 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. Finally, Citigroup raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Hold" and a consensus target price of $117.17.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $0.72 during midday trading on Friday, hitting $98.82. 703,619 shares of the company traded hands, compared to its average volume of 1,121,841. The firm has a 50 day moving average of $105.33 and a 200-day moving average of $104.10. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 1.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS 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%. On average, analysts forecast that C.H. Robinson Worldwide will post 4.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the business'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 transaction 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. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction on 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 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 disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently modified their holdings of CHRW. Public Sector Pension Investment Board purchased a new stake in C.H. Robinson Worldwide in the second quarter valued at $411,000. The Manufacturers Life Insurance Company lifted its holdings in shares of C.H. Robinson Worldwide by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,801 shares of the transportation company's stock worth $8,794,000 after acquiring an additional 1,328 shares during the last quarter. Creative Planning boosted its position in shares of C.H. Robinson Worldwide by 23.0% during the 2nd quarter. Creative Planning now owns 34,785 shares of the transportation company's stock worth $3,065,000 after purchasing an additional 6,510 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in C.H. Robinson Worldwide by 5.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,468 shares of the transportation company's stock valued at $834,000 after purchasing an additional 502 shares during the last quarter. Finally, Truist Financial Corp raised its position in C.H. Robinson Worldwide by 2.8% in the second quarter. Truist Financial Corp now owns 104,122 shares of the transportation company's stock valued at $9,175,000 after purchasing an additional 2,821 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.