C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) had its target price increased by research analysts at Barclays PLC from $67.00 to $70.00 in a research note issued to investors on Monday. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays PLC’s target price suggests a potential downside of 8.02% from the stock’s previous close.

CHRW has been the topic of several other reports. Zacks Investment Research cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. BidaskClub raised C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Citigroup Inc. lowered their target price on C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th. Stifel Nicolaus reduced their price target on C.H. Robinson Worldwide from $71.00 to $67.00 and set a “hold” rating on the stock in a research report on Thursday, July 20th. Finally, Bank of America Corporation decreased their price objective on C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, July 20th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $72.52.

Shares of C.H. Robinson Worldwide (NASDAQ CHRW) traded up 0.13% during trading on Monday, hitting $76.20. 509,466 shares of the stock were exchanged. The stock’s 50 day moving average price is $69.19 and its 200-day moving average price is $71.02. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 22.35 and a beta of 0.41. C.H. Robinson Worldwide has a one year low of $63.41 and a one year high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.12). The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. On average, analysts predict that C.H. Robinson Worldwide will post $3.29 EPS for the current year.

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In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.85% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 3.1% during the first quarter. American Century Companies Inc. now owns 5,657 shares of the transportation company’s stock worth $437,000 after purchasing an additional 172 shares during the period. UBS Asset Management Americas Inc. increased its stake in C.H. Robinson Worldwide by 8.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 491,877 shares of the transportation company’s stock valued at $38,017,000 after buying an additional 39,910 shares during the period. Trexquant Investment LP acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $261,000. Raymond James Financial Services Advisors Inc. increased its stake in C.H. Robinson Worldwide by 189.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,432 shares of the transportation company’s stock valued at $652,000 after buying an additional 5,521 shares during the period. Finally, Pacer Advisors Inc. increased its stake in C.H. Robinson Worldwide by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock valued at $205,000 after buying an additional 79 shares during the period. Institutional investors own 90.10% of the company’s stock.

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.

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

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