JPMorgan Chase & Co. Lowers C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $131.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from $133.00 to $131.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 31.67% from the stock’s current price.

Several other analysts have also commented on CHRW. Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday. Citigroup raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. Robert W. Baird upped their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Finally, BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $117.33.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $99.49 on Thursday. The firm has a market capitalization of $11.76 billion, a PE ratio of 25.84, a P/E/G ratio of 0.89 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82. The company’s 50 day simple moving average is $105.52 and its 200 day simple moving average is $103.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.64% and a net margin of 2.63%. As a group, equities research analysts forecast that C.H. Robinson Worldwide will post 4.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares in the last quarter. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $41,000. Quarry LP grew its stake in C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after buying an additional 171 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 316 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $52,000. 93.15% of the stock is currently owned by institutional investors.

About C.H. Robinson Worldwide

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.