C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Increased to Hold at StockNews.com

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other analysts also recently issued reports on CHRW. Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays increased their price objective on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a research note on Thursday. Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Company dropped their target price on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $82.60.

C.H. Robinson Worldwide Stock Up 0.3 %

Shares of C.H. Robinson Worldwide stock opened at $81.20 on Friday. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $105.18. The firm has a market capitalization of $9.50 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 4.17 and a beta of 0.75. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average is $72.85 and its 200-day moving average is $79.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide will post 3.4 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of C.H. Robinson Worldwide by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company’s stock worth $1,212,750,000 after buying an additional 174,041 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 0.6% during the fourth quarter. First Eagle Investment Management LLC now owns 9,482,897 shares of the transportation company’s stock valued at $819,227,000 after acquiring an additional 59,016 shares during the period. Van ECK Associates Corp boosted its stake in shares of C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after purchasing an additional 2,643,193 shares in the last quarter. Invesco Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 15.0% in the 3rd quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock worth $184,985,000 after purchasing an additional 280,177 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after purchasing an additional 68,491 shares in the last quarter. Institutional investors own 93.15% 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 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.