C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Cut to $116.00 by Analysts at Citigroup

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price lowered by research analysts at Citigroup from $124.00 to $116.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective indicates a potential upside of 33.38% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 price objective on the stock. Raymond James reduced their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Barclays raised their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Friday, January 31st. Finally, Bank of America cut their target price on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.47.

C.H. Robinson Worldwide Trading Down 2.5 %

C.H. Robinson Worldwide stock traded down $2.20 during trading hours on Tuesday, reaching $86.97. The stock had a trading volume of 1,790,402 shares, compared to its average volume of 1,404,667. 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 $10.28 billion, a PE ratio of 22.59, a PEG ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a fifty day simple moving average of $99.47 and a 200-day simple moving average of $104.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 return on equity of 34.53% and a net margin of 2.63%. Analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This trade represents a 12.67 % 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 Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of CHRW. Cascade Investment Advisors Inc. grew its position in C.H. Robinson Worldwide by 1.3% in the 1st quarter. Cascade Investment Advisors Inc. now owns 16,187 shares of the transportation company’s stock worth $1,658,000 after purchasing an additional 200 shares during the last quarter. Lantz Financial LLC bought a new stake in C.H. Robinson Worldwide in the first quarter worth about $952,000. Summit Global Investments acquired a new stake in C.H. Robinson Worldwide during the first quarter valued at approximately $753,000. GAMMA Investing LLC lifted its holdings in shares of C.H. Robinson Worldwide by 7,706.1% during the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company’s stock valued at $46,578,000 after purchasing an additional 449,034 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company’s stock valued at $43,000 after buying an additional 300 shares in the last quarter. 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.