C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Lowered to $122.00 at Bank of America

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective cut by Bank of America from $130.00 to $122.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Bank of America's price target indicates a potential upside of 22.63% from the company's current price.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a report on Thursday. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and boosted their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Raymond James reduced their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research report on Thursday. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.33.

C.H. Robinson Worldwide Trading Down 0.9 %

CHRW traded down $0.95 on Thursday, hitting $99.49. 2,419,258 shares of the company were exchanged, compared to its average volume of 1,140,153. 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 firm has a fifty day simple moving average of $105.52 and a two-hundred day simple moving average of $103.81. The stock has a market capitalization of $11.76 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping 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 35.64%. Sell-side analysts expect that C.H. Robinson Worldwide will post 4.82 earnings per share for the current year.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.9% during the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock valued at $1,230,000 after purchasing an additional 98 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock worth $1,652,000 after acquiring an additional 105 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after purchasing an additional 111 shares during the period. Central Pacific Bank Trust Division increased its holdings in C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company's stock worth $110,000 after buying an additional 120 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in C.H. Robinson Worldwide by 3.5% during 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 purchasing an additional 131 shares during the period. 93.15% of the stock is currently 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.