Raymond James Has Lowered Expectations for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective dropped by stock analysts at Raymond James from $118.00 to $111.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target points to a potential upside of 21.63% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Robert W. Baird lifted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft started coverage on C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a “buy” rating and a $129.00 target price for the company. BMO Capital Markets raised their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. Finally, TD Cowen boosted their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.20.

C.H. Robinson Worldwide Trading Up 1.1 %

NASDAQ CHRW opened at $91.26 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock’s 50-day simple moving average is $97.96 and its two-hundred day simple moving average is $103.59. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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%. Research analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

Insider Activity

In other news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the 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 completion of the transaction, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Investing LLC bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth about $810,000. Northstar Advisory Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $587,000. JPMorgan Chase & Co. boosted its position in shares of C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $211,000. Finally, Contravisory Investment Management Inc. bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $543,000. 93.15% of the stock is owned by hedge funds and other 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.