StockNews.com Downgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to Hold

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

CHRW has been the subject of a number of other research reports. Stephens reiterated an “equal weight” rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Friday, January 31st. Bank of America dropped their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Raymond James reduced their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Robert W. Baird lifted their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Up 0.2 %

CHRW opened at $98.12 on Friday. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock has a market capitalization of $11.65 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The business’s 50-day simple moving average is $101.82 and its 200-day simple moving average is $104.68.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently modified their holdings of CHRW. Vanguard Group Inc. raised its position in shares of C.H. Robinson Worldwide by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock worth $1,501,774,000 after purchasing an additional 251,943 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock worth $428,554,000 after buying an additional 191,611 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock worth $326,549,000 after acquiring an additional 64,019 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after acquiring an additional 3,004,338 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of C.H. Robinson Worldwide by 25.7% during the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock valued at $299,582,000 after acquiring an additional 593,211 shares during the last quarter. Hedge funds and other 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.