C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Baird R W

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by Baird R W to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

Several other equities research analysts have also commented on the company. Wells Fargo & Company assumed coverage on C.H. Robinson Worldwide in a research report on Friday, June 7th. They issued an “equal weight” rating and a $94.00 price objective on the stock. UBS Group upgraded C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and increased their target price for the company from $71.00 to $90.00 in a research report on Thursday, June 6th. Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Barclays increased their target price on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.53.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $87.51 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $100.88. The company’s 50 day moving average is $84.02 and its 200 day moving average is $79.89. The company has a market cap of $10.25 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that C.H. Robinson Worldwide will post 3.59 EPS for the current year.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vision Capital Management Inc. increased its position in shares of C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after purchasing an additional 129 shares during the last quarter. Empirical Finance LLC increased its position in shares of C.H. Robinson Worldwide by 3.4% during the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock worth $325,000 after purchasing an additional 140 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 3.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after acquiring an additional 149 shares during the period. Alliance Wealth Advisors LLC UT boosted its holdings in C.H. Robinson Worldwide by 2.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock valued at $503,000 after acquiring an additional 165 shares during the period. Finally, Redwood Investment Management LLC boosted its holdings in C.H. Robinson Worldwide by 0.6% during the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after acquiring an additional 165 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

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.