C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Lowered to $125.00 at Wells Fargo & Company

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price decreased by investment analysts at Wells Fargo & Company from $130.00 to $125.00 in a research report issued to clients and investors on Thursday, March 27th,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 29.53% from the company’s current price.

Other equities analysts also recently issued reports about the company. Raymond James reduced their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Bank of America reduced their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. StockNews.com cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Stifel Nicolaus upgraded shares of 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. 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 data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $118.89.

C.H. Robinson Worldwide Stock Down 6.1 %

C.H. Robinson Worldwide stock traded down $6.32 during midday trading on Thursday, hitting $96.50. 709,509 shares of the company’s stock were exchanged, compared to its average volume of 1,390,425. The firm has a 50-day moving average of $100.45 and a two-hundred day moving average of $104.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The company has a market cap of $11.41 billion, a PE ratio of 25.07, a P/E/G ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82.

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

Insider Buying and Selling

In other news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after buying an additional 3,004,338 shares during the period. FMR LLC raised its position in C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after purchasing an additional 2,449,367 shares during the period. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $134,833,000. Raymond James Financial Inc. purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $102,174,000. Finally, First Trust Advisors LP increased its position in shares of C.H. Robinson Worldwide by 163.6% during the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company’s stock worth $124,625,000 after purchasing an additional 748,661 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.