Raymond James Issues Pessimistic Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective lowered by equities research analysts at Raymond James from $123.00 to $118.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the transportation company's stock. Raymond James' target price suggests a potential upside of 20.02% from the stock's current price.

Several other equities research analysts also recently issued reports on the company. Wells Fargo & Company raised C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $118.00 to $130.00 in a report on Monday, December 9th. Robert W. Baird raised 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. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. UBS Group upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, Citigroup raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research 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 assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $117.17.

C.H. Robinson Worldwide Stock Performance

CHRW stock traded down $1.17 during trading hours on Thursday, reaching $98.32. The stock had a trading volume of 732,429 shares, compared to its average volume of 1,117,666. The stock has a 50-day simple moving average of $105.52 and a 200 day simple moving average of $104.03. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The stock has a market capitalization of $11.62 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Analysts predict that C.H. Robinson Worldwide will post 4.81 EPS for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the company's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company's stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC increased 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 valued at $27,000 after acquiring an additional 111 shares in the last quarter. Missouri Trust & Investment Co bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $41,000. Quarry LP increased its stake in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after purchasing an additional 171 shares in the last quarter. Brooklyn Investment Group raised its holdings in C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after buying an additional 316 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $52,000. 93.15% of the stock is 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.