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

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

Other analysts also recently issued research reports about the company. BNP Paribas reaffirmed a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Raymond James assumed coverage on C.H. Robinson Worldwide in a research report on Wednesday, May 15th. They set a “market perform” rating on the stock. Bank of America lowered their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. TD Cowen lifted their price target on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. lifted their price target on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average target price of $85.53.

C.H. Robinson Worldwide Stock Up 1.6 %

Shares of C.H. Robinson Worldwide stock opened at $87.51 on Wednesday. The business’s fifty day moving average price is $83.68 and its two-hundred day moving average price is $79.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $10.25 billion, a P/E ratio of 34.59, a PEG ratio of 2.61 and a beta of 0.80. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, research analysts forecast that C.H. Robinson Worldwide will post 3.59 EPS for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently modified their holdings of CHRW. Vanguard Group Inc. grew its holdings in shares of C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after buying an additional 177,119 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after buying an additional 2,003,158 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after buying an additional 2,643,193 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 5.0% during the first quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock valued at $152,426,000 after buying an additional 94,616 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of C.H. Robinson Worldwide by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock valued at $151,689,000 after buying an additional 68,491 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.