Raymond James Issues Pessimistic Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price decreased by investment analysts at Raymond James from $123.00 to $118.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Raymond James’ target price would suggest a potential upside of 18.60% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Citigroup raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 13th. Barclays upped their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, Robert W. Baird upped their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.33.

C.H. Robinson Worldwide Stock Down 0.9 %

C.H. Robinson Worldwide stock opened at $99.49 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm’s fifty day moving average price is $105.52 and its two-hundred day moving average price is $103.81. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.64% and a net margin of 2.63%. On average, equities research analysts predict that C.H. Robinson Worldwide will post 4.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $411,000. AXA S.A. bought a new stake in C.H. Robinson Worldwide during the second quarter worth about $217,000. The Manufacturers Life Insurance Company boosted its stake in C.H. Robinson Worldwide by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 99,801 shares of the transportation company’s stock worth $8,794,000 after buying an additional 1,328 shares in the last quarter. Creative Planning boosted its stake in shares of C.H. Robinson Worldwide by 23.0% in the 2nd quarter. Creative Planning now owns 34,785 shares of the transportation company’s stock valued at $3,065,000 after purchasing an additional 6,510 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of C.H. Robinson Worldwide by 5.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,468 shares of the transportation company’s stock valued at $834,000 after purchasing an additional 502 shares during 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.