C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target hoisted by investment analysts at Morgan Stanley from $57.00 to $70.00 in a report released on Friday. The brokerage currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective would suggest a potential downside of 23.74% from the stock’s current price.
A number of other brokerages also recently commented on CHRW. Cleveland Research upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. KeyCorp reiterated an “overweight” rating on shares of C.H. Robinson Worldwide in a report on Wednesday, January 24th. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Credit Suisse Group upgraded shares of C.H. Robinson Worldwide to a “hold” rating and set a $85.00 price target for the company in a report on Wednesday, January 17th. Finally, Robert W. Baird reissued a “hold” rating and issued a $95.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $82.29.
Shares of C.H. Robinson Worldwide (NASDAQ CHRW) traded down $0.19 during midday trading on Friday, hitting $91.79. 2,046,080 shares of the stock were exchanged, compared to its average volume of 1,590,000. The stock has a market capitalization of $12,800.00, a P/E ratio of 25.71, a PEG ratio of 2.55 and a beta of 0.46. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $100.18. The company has a current ratio of 1.26, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53.
In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,300 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $80.64, for a total transaction of $104,832.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jordan T. Kass sold 1,738 shares of C.H. Robinson Worldwide stock in a transaction that occurred 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 transaction, the insider now directly owns 24,348 shares in the company, valued at $1,917,405. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,903 shares of company stock worth $1,854,925. 0.85% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in CHRW. Capital International Investors lifted its position in shares of C.H. Robinson Worldwide by 5.6% during the third quarter. Capital International Investors now owns 9,166,834 shares of the transportation company’s stock worth $697,596,000 after purchasing an additional 488,372 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide by 51.4% during the third quarter. First Eagle Investment Management LLC now owns 6,370,010 shares of the transportation company’s stock worth $484,758,000 after purchasing an additional 2,161,520 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of C.H. Robinson Worldwide by 1.3% during the third quarter. Baillie Gifford & Co. now owns 5,184,766 shares of the transportation company’s stock worth $394,561,000 after purchasing an additional 68,050 shares in the last quarter. Clarkston Capital Partners LLC lifted its position in shares of C.H. Robinson Worldwide by 34.1% during the third quarter. Clarkston Capital Partners LLC now owns 1,441,827 shares of the transportation company’s stock worth $109,723,000 after purchasing an additional 366,756 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of C.H. Robinson Worldwide by 3.8% during the third quarter. Legal & General Group Plc now owns 887,374 shares of the transportation company’s stock worth $67,516,000 after purchasing an additional 32,606 shares in the last quarter. 94.31% of the stock is currently owned by hedge funds and other institutional investors.
About C.H. Robinson Worldwide
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.
