C.H. Robinson Worldwide (CHRW) Given New $102.00 Price Target at Citigroup

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C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective decreased by Citigroup from $111.00 to $102.00 in a research note published on Wednesday. Citigroup currently has a buy rating on the transportation company’s stock.

Several other analysts also recently weighed in on the stock. Bank of America lifted their price target on shares of C.H. Robinson Worldwide from $100.00 to $101.00 and gave the company a buy rating in a research note on Wednesday, August 1st. BidaskClub raised shares of C.H. Robinson Worldwide from a hold rating to a buy rating in a research note on Saturday, July 28th. ValuEngine raised shares of C.H. Robinson Worldwide from a hold rating to a buy rating in a research note on Friday, July 20th. Stifel Nicolaus set a $106.00 price target on shares of C.H. Robinson Worldwide and gave the company a buy rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of C.H. Robinson Worldwide from a hold rating to a buy rating and set a $107.00 price target for the company in a research note on Tuesday, August 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $95.06.

NASDAQ CHRW traded up $1.86 during trading on Wednesday, hitting $90.89. The stock had a trading volume of 77,306 shares, compared to its average volume of 1,184,120. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market cap of $12.23 billion, a P/E ratio of 26.12, a PEG ratio of 2.18 and a beta of 0.40. C.H. Robinson Worldwide has a one year low of $77.52 and a one year high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, October 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.08. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.30 billion. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.85%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 4.49 EPS for the current year.

In related news, insider Michael John Short sold 4,527 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $96.12, for a total transaction of $435,135.24. Following the transaction, the insider now directly owns 14,717 shares of the company’s stock, valued at $1,414,598.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John Wiehoff sold 30,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $96.45, for a total transaction of $2,893,500.00. Following the transaction, the chief executive officer now directly owns 715,727 shares in the company, valued at $69,031,869.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,758 shares of company stock worth $4,526,546. 0.97% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of CHRW. Fort L.P. purchased a new position in C.H. Robinson Worldwide in the second quarter worth $116,000. Piedmont Investment Advisors LLC purchased a new position in C.H. Robinson Worldwide in the second quarter worth $132,000. Sit Investment Associates Inc. grew its holdings in C.H. Robinson Worldwide by 77.5% in the second quarter. Sit Investment Associates Inc. now owns 1,775 shares of the transportation company’s stock worth $148,000 after purchasing an additional 775 shares during the last quarter. Cerebellum GP LLC purchased a new position in C.H. Robinson Worldwide in the second quarter worth $177,000. Finally, Chicago Capital LLC purchased a new position in C.H. Robinson Worldwide in the second quarter worth $201,000. 86.04% of the stock is currently owned by institutional investors.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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