C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $124.00 Price Target at Citigroup

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price target decreased by investment analysts at Citigroup from $130.00 to $124.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Citigroup's target price would suggest a potential upside of 28.31% from the stock's current price.

A number of other brokerages have also recently issued reports on CHRW. Benchmark restated a "buy" rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Stephens restated an "equal weight" rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. BMO Capital Markets lifted their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a report on Friday, December 13th. Barclays increased their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. Finally, TD Cowen lifted their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $117.17.

C.H. Robinson Worldwide Trading Down 0.6 %

Shares of NASDAQ CHRW traded down $0.61 during mid-day trading on Monday, hitting $96.64. The company's stock had a trading volume of 1,139,145 shares, compared to its average volume of 1,156,264. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The company's fifty day simple moving average is $104.85 and its 200-day simple moving average is $104.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.81 earnings per share for the current fiscal year.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide 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 transaction, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently added to or reduced their stakes in CHRW. Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after purchasing an additional 3,004,338 shares during the period. FMR LLC raised its holdings in 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 acquiring an additional 2,449,367 shares during the period. Raymond James Financial Inc. acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $102,174,000. Citigroup Inc. grew its position in shares of C.H. Robinson Worldwide by 137.8% in the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock valued at $47,573,000 after purchasing an additional 249,774 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock worth $428,554,000 after purchasing an additional 191,611 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

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.