Analysts at Goldman Sachs Group initiated coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a report released on Monday, November 13th, MarketBeat reports. The brokerage set a “neutral” rating and a $78.00 price target on the transportation company’s stock. Goldman Sachs Group’s price objective suggests a potential downside of 12.45% from the company’s current price.
Other analysts have also issued research reports about the stock. BidaskClub lowered shares of C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Barclays upped their price target on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Cowen reaffirmed a “hold” rating and set a $68.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, August 25th. Finally, UBS Group raised shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and upped their price target for the stock from $65.00 to $75.00 in a research report on Tuesday, September 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $77.44.
Shares of C.H. Robinson Worldwide (NASDAQ CHRW) traded down $0.37 during mid-day trading on Monday, hitting $89.09. 633,156 shares of the stock were exchanged, compared to its average volume of 1,409,873. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $12,446.32, a price-to-earnings ratio of 26.59, a PEG ratio of 3.06 and a beta of 0.48. C.H. Robinson Worldwide has a twelve month low of $63.41 and a twelve month high of $89.89.
In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,300 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $80.64, for a total value of $104,832.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jordan T. Kass sold 1,738 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $78.75, for a total transaction of $136,867.50. Following the completion of the transaction, the insider now owns 24,348 shares in the company, valued at $1,917,405. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,903 shares of company stock worth $1,854,925. Corporate insiders own 0.85% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the business. Nicolet Bankshares Inc. acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $202,000. Integrated Investment Consultants LLC grew its stake in shares of C.H. Robinson Worldwide by 39.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock valued at $204,000 after acquiring an additional 750 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $205,000. Sawtooth Solutions LLC grew its stake in shares of C.H. Robinson Worldwide by 2.5% in the second quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 73 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of C.H. Robinson Worldwide by 10.2% in the second quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.
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C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
