Bank of America Lowers C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $219.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective lowered by Bank of America from $225.00 to $219.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price points to a potential upside of 33.21% from the stock’s current price.

Several other research firms have also recently commented on CHRW. Evercore lifted their target price on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Robert W. Baird set a $203.00 price target on C.H. Robinson Worldwide in a research note on Thursday, January 29th. BMO Capital Markets restated a “market perform” rating and set a $180.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Sanford C. Bernstein lifted their price objective on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a research report on Friday, January 9th. Finally, Barclays upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $145.00 to $200.00 in a research note on Tuesday, December 16th. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $182.83.

C.H. Robinson Worldwide Trading Down 1.9%

NASDAQ:CHRW traded down $3.26 on Friday, reaching $164.40. The stock had a trading volume of 236,068 shares, compared to its average volume of 2,302,074. C.H. Robinson Worldwide has a 12-month low of $84.68 and a 12-month high of $203.34. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 1.79 and a beta of 0.90. The firm’s fifty day moving average is $181.56 and its two-hundred day moving average is $159.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. Equities analysts expect 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 news, CEO David P. Bozeman acquired 1,223 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the acquisition, the chief executive officer directly owned 190,600 shares in the company, valued at approximately $31,132,604. This represents a 0.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael D. Castagnetto bought 594 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average cost of $168.24 per share, for a total transaction of $99,934.56. Following the completion of the transaction, the insider directly owned 35,488 shares in the company, valued at approximately $5,970,501.12. This trade represents a 1.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Jackson Hole Trust purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. DV Equities LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $27,000. Bayban acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $32,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $27,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $36,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.