C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Increased to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) from an equal weight rating to an overweight rating in a research report released on Monday morning, MarketBeat.com reports. The brokerage currently has $130.00 target price on the transportation company's stock, up from their prior target price of $118.00.

Several other research firms have also recently issued reports on CHRW. UBS Group upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and upped their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Susquehanna cut their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Barclays lifted their price objective 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. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Finally, Evercore ISI raised their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Hold" and an average price target of $109.13.

C.H. Robinson Worldwide Trading Up 2.6 %

CHRW stock traded up $2.71 on Monday, reaching $108.14. The company's stock had a trading volume of 1,225,422 shares, compared to its average volume of 1,052,066. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The business has a fifty day simple moving average of $107.87 and a two-hundred day simple moving average of $98.74. The firm has a market cap of $12.78 billion, a PE ratio of 36.48, a PEG ratio of 1.21 and a beta of 0.83. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results 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 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 in the prior year, the firm earned $0.84 earnings per share. C.H. Robinson Worldwide's revenue was up 7.0% on a year-over-year basis. As a group, research analysts forecast 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 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide's payout ratio is currently 85.81%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the 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 transaction, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Several large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in C.H. Robinson Worldwide by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company's stock valued at $436,648,000 after purchasing an additional 142,116 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company's stock valued at $341,555,000 after purchasing an additional 42,189 shares during the period. FMR LLC boosted its stake in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock valued at $282,303,000 after buying an additional 2,449,367 shares during the period. ProShare Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock valued at $222,837,000 after purchasing an additional 526,872 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in C.H. Robinson Worldwide by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company's stock worth $155,149,000 after purchasing an additional 153,654 shares during the last quarter. 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.