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

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

Several other brokerages also recently commented on CHRW. Stephens restated an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Robert W. Baird lifted their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. dropped their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $118.47.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $2.20 during midday trading on Tuesday, reaching $86.97. The company’s stock had a trading volume of 1,790,402 shares, compared to its average volume of 1,404,667. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month 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. The stock has a market cap of $10.28 billion, a P/E ratio of 22.59, a PEG ratio of 1.16 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 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%. Research analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in CHRW. National Pension Service acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $25,000. Proficio Capital Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $33,000. Missouri Trust & Investment Co bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Mainstream Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $41,000. Finally, Quarry LP grew its holdings in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

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.