C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Lowered to $200.00 at Robert W. Baird

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective dropped by equities research analysts at Robert W. Baird from $230.00 to $200.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s price objective points to a potential upside of 14.64% from the company’s previous close.

CHRW has been the topic of a number of other reports. Citigroup began coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market outperform” rating on the stock. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price target for the stock from $195.00 to $200.00 in a research note on Wednesday, May 20th. Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target on the stock. BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Finally, Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $198.21.

C.H. Robinson Worldwide Trading Down 6.5%

NASDAQ CHRW opened at $174.46 on Tuesday. The business’s fifty day moving average is $187.62 and its 200-day moving average is $180.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $20.56 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.60 and a beta of 0.91. C.H. Robinson Worldwide has a one year low of $96.89 and a one year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts predict that C.H. Robinson Worldwide will post 6.12 EPS for the current year.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of CHRW. Vanguard Group Inc. boosted its holdings in C.H. Robinson Worldwide by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after buying an additional 364,163 shares during the period. State Street Corp lifted its position in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares during the period. Boston Partners boosted its holdings in shares of C.H. Robinson Worldwide by 6.1% in the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after acquiring an additional 213,245 shares during the period. Finally, WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at $579,922,000. 93.15% 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 third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.