C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $119.00 Price Target at Bank of America

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target dropped by Bank of America from $122.00 to $119.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price suggests a potential upside of 17.03% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Citigroup dropped their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Barclays boosted their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating on the stock in a research report on Wednesday. Finally, Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a “buy” rating and a $115.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.89.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $101.68 on Friday. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.16 and a beta of 0.83. The firm’s 50-day moving average is $100.63 and its 200 day moving average is $104.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Research analysts predict that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the 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 sale, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business’s 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 transaction, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. National Pension Service acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Proficio Capital Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $33,000. Missouri Trust & Investment Co purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $41,000. Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth $41,000. Finally, Quarry LP raised its position in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.