Bank of America Has Lowered Expectations for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price dropped by equities research analysts at Bank of America from $130.00 to $122.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective points to a potential upside of 20.26% from the stock’s current price.

CHRW has been the topic of a number of other reports. Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Evercore ISI raised their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Stephens reissued an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday. Finally, TD Cowen raised their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $116.50.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded down $6.48 during mid-day trading on Thursday, reaching $101.45. The stock had a trading volume of 1,385,028 shares, compared to its average volume of 965,647. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a market cap of $11.99 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The business has a 50-day simple moving average of $105.85 and a 200 day simple moving average of $103.75. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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 30.38% and a net margin of 1.96%. On average, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.39 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. boosted its position in C.H. Robinson Worldwide by 0.9% during the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after purchasing an additional 98 shares during the period. Cascade Investment Advisors Inc. boosted its position in C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after purchasing an additional 105 shares during the period. Venturi Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Central Pacific Bank Trust Division boosted its position in C.H. Robinson Worldwide by 13.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 120 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in C.H. Robinson Worldwide by 3.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 131 shares during the period. 93.15% of the stock is currently owned by 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.