JPMorgan Chase & Co. Lowers C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $131.00

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its target price lowered by JPMorgan Chase & Co. from $133.00 to $131.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 31.67% from the company's current price.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Susquehanna decreased their price target on C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating for the company in a report on Thursday. Stephens restated an "equal weight" rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday. Robert W. Baird upped their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Finally, UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $117.33.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded down $0.95 during midday trading on Thursday, reaching $99.49. The company's stock had a trading volume of 2,419,258 shares, compared to its average volume of 1,140,153. The stock has a market cap 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. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $105.52 and a 200-day moving average price of $103.81. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.64% and a net margin of 2.63%. On average, sell-side analysts predict that C.H. Robinson Worldwide will post 4.82 EPS for the current year.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the business'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 sale, the insider now owns 34,469 shares of the company's stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael John Short sold 10,408 shares of the firm'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 transaction, the insider now directly owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after buying an additional 3,004,338 shares in the last quarter. FMR LLC increased its holdings in C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after acquiring an additional 2,449,367 shares during the period. Citigroup Inc. lifted its stake in C.H. Robinson Worldwide by 137.8% in the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock worth $47,573,000 after purchasing an additional 249,774 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in C.H. Robinson Worldwide by 12.3% in the 3rd 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 valued at $155,149,000 after purchasing an additional 153,654 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of C.H. Robinson Worldwide by 3.7% during 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 in the last quarter. Hedge funds and other institutional investors 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.