C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded by Wall Street Zen to “Buy” Rating

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Susquehanna lifted their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective on the stock. Finally, TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.46.

C.H. Robinson Worldwide Trading Down 9.2%

CHRW stock opened at $186.51 on Friday. The firm has a fifty day moving average price of $187.53 and a 200 day moving average price of $180.77. C.H. Robinson Worldwide has a fifty-two week low of $96.89 and a fifty-two week high of $210.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $21.98 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. C.H. Robinson Worldwide’s revenue was down .9% on a year-over-year basis. Sell-side analysts anticipate that C.H. Robinson Worldwide will post 6.12 earnings per share for the current fiscal year.

Institutional Trading of C.H. Robinson Worldwide

A number of large investors have recently made changes to their positions in CHRW. Wellington Management Group LLP grew its holdings in shares of C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares during the last quarter. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth approximately $579,922,000. Auto Owners Insurance Co increased its position in shares of C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after acquiring an additional 1,501,744 shares during the period. Norges Bank bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $236,665,000. Finally, Capital World Investors bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $165,976,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.