Bank of America Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $182.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective increased by Bank of America from $167.00 to $182.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price suggests a potential upside of 10.34% from the stock’s previous close.

A number of other analysts have also recently commented on CHRW. BMO Capital Markets reiterated a “market perform” rating and issued a $140.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Barclays raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $145.00 to $200.00 in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group raised their price objective on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.48.

C.H. Robinson Worldwide Stock Up 0.2%

C.H. Robinson Worldwide stock opened at $164.94 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. C.H. Robinson Worldwide has a 1-year low of $84.68 and a 1-year high of $167.90. The company has a fifty day simple moving average of $151.25 and a 200 day simple moving average of $127.58. The company has a market cap of $19.49 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 EPS. Research analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. This represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

Large investors have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $27,000. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter worth $30,000. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter worth about $32,000. Clearstead Advisors LLC raised its position in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at about $34,000. 93.15% of the stock is owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.