C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Cut to $100.00 by Analysts at BMO Capital Markets

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) had its price objective trimmed by BMO Capital Markets from $110.00 to $100.00 in a report released on Thursday morning, The Fly reports. The brokerage currently has a market perform rating on the transportation company’s stock.

CHRW has been the subject of several other research reports. Citigroup reduced their price objective on shares of C.H. Robinson Worldwide from $107.00 to $94.00 and set a neutral rating for the company in a report on Thursday. KeyCorp dropped their price target on shares of C.H. Robinson Worldwide from $135.00 to $120.00 and set an overweight rating on the stock in a research report on Thursday. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $117.00 to $123.00 in a research report on Thursday, July 28th. Morgan Stanley boosted their price target on shares of C.H. Robinson Worldwide from $66.00 to $67.00 and gave the stock an underweight rating in a research report on Monday, October 3rd. Finally, Barclays dropped their price target on shares of C.H. Robinson Worldwide from $100.00 to $96.00 and set an equal weight rating on the stock in a research report on Thursday, October 13th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $106.67.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $89.97 on Thursday. The company has a market capitalization of $11.15 billion, a P/E ratio of 10.92, a PEG ratio of 1.14 and a beta of 0.76. The company has a 50-day simple moving average of $101.31 and a 200 day simple moving average of $104.39. C.H. Robinson Worldwide has a fifty-two week low of $86.57 and a fifty-two week high of $121.23. The company has a quick ratio of 1.48, a current ratio of 1.32 and a debt-to-equity ratio of 0.85.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 28,586 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $117.10, for a total value of $3,347,420.60. Following the completion of the sale, the insider now owns 54,520 shares of the company’s stock, valued at approximately $6,384,292. The sale was disclosed in a document filed with the SEC, which is available at this link. In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 3,046 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $120.00, for a total transaction of $365,520.00. Following the completion of the sale, the insider now owns 20,060 shares of the company’s stock, valued at $2,407,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 28,586 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $117.10, for a total value of $3,347,420.60. Following the sale, the insider now directly owns 54,520 shares of the company’s stock, valued at approximately $6,384,292. The disclosure for this sale can be found here. 1.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Large investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted its position in C.H. Robinson Worldwide by 53.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 62,560 shares of the transportation company’s stock worth $6,341,000 after purchasing an additional 21,686 shares during the period. Checchi Capital Advisers LLC boosted its position in C.H. Robinson Worldwide by 14.8% during the first quarter. Checchi Capital Advisers LLC now owns 2,635 shares of the transportation company’s stock worth $284,000 after purchasing an additional 339 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in C.H. Robinson Worldwide by 1.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 447,259 shares of the transportation company’s stock worth $45,339,000 after purchasing an additional 5,196 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in C.H. Robinson Worldwide by 101.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,681 shares of the transportation company’s stock worth $2,012,000 after purchasing an additional 9,388 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of C.H. Robinson Worldwide by 5,514.2% in the first quarter. Exchange Traded Concepts LLC now owns 6,737 shares of the transportation company’s stock valued at $726,000 after acquiring an additional 6,617 shares during the period. Institutional investors own 92.16% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and 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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