Benchmark Cuts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $100.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price cut by analysts at Benchmark from $108.00 to $100.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Benchmark’s price target would indicate a potential upside of 15.54% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus decreased their target price on C.H. Robinson Worldwide from $97.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, July 19th. StockNews.com started coverage on shares of C.H. Robinson Worldwide in a report on Thursday, August 17th. They set a “hold” rating for the company. Credit Suisse Group lowered their price target on shares of C.H. Robinson Worldwide from $93.00 to $92.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 16th. Citigroup raised their target price on shares of C.H. Robinson Worldwide from $94.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Finally, Loop Capital dropped their price target on C.H. Robinson Worldwide from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, August 18th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $95.13.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded down $0.43 on Wednesday, reaching $86.55. The company’s stock had a trading volume of 63,640 shares, compared to its average volume of 1,208,656. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $10.08 billion, a P/E ratio of 19.91, a PEG ratio of 3.83 and a beta of 0.79. The stock has a 50-day moving average price of $94.79 and a 200-day moving average price of $96.30. C.H. Robinson Worldwide has a 52-week low of $85.22 and a 52-week high of $110.46.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.90 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.90. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.62 billion. C.H. Robinson Worldwide had a net margin of 2.67% and a return on equity of 39.80%. During the same period last year, the firm posted $2.67 earnings per share. The company’s revenue was down 35.0% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide will post 3.75 EPS for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in CHRW. ProShare Advisors LLC grew its holdings in C.H. Robinson Worldwide by 6,144.2% during the 1st quarter. ProShare Advisors LLC now owns 1,745,868 shares of the transportation company’s stock worth $173,487,000 after acquiring an additional 1,717,908 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in C.H. Robinson Worldwide by 249.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,371,863 shares of the transportation company’s stock valued at $69,414,000 after purchasing an additional 1,692,962 shares in the last quarter. Pacer Advisors Inc. increased its stake in C.H. Robinson Worldwide by 16,751.7% in the first quarter. Pacer Advisors Inc. now owns 980,266 shares of the transportation company’s stock valued at $97,409,000 after purchasing an additional 974,449 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of C.H. Robinson Worldwide by 181.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,453,876 shares of the transportation company’s stock worth $137,173,000 after buying an additional 937,448 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of C.H. Robinson Worldwide by 61.9% in the 1st quarter. Wellington Management Group LLP now owns 2,281,369 shares of the transportation company’s stock valued at $226,700,000 after buying an additional 872,477 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services 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 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.