C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded by BidaskClub to Buy

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

A number of other research analysts also recently issued reports on CHRW. Stephens reissued a “buy” rating and set a $84.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, May 21st. Credit Suisse Group boosted their price objective on shares of C.H. Robinson Worldwide from $65.00 to $79.00 in a research report on Thursday, July 30th. Citigroup boosted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $67.00 to $86.00 in a research report on Wednesday, June 3rd. Finally, Oppenheimer reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Friday, July 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $84.40.

Shares of NASDAQ CHRW opened at $103.49 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.64. C.H. Robinson Worldwide has a 52 week low of $56.94 and a 52 week high of $105.71. The firm’s fifty day moving average is $96.58 and its 200 day moving average is $80.07. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 3.23 and a beta of 0.63.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, July 28th. The transportation company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.54 by $0.52. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.46 billion. C.H. Robinson Worldwide had a net margin of 3.10% and a return on equity of 28.22%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 earnings per share. Equities research analysts anticipate that C.H. Robinson Worldwide will post 3.47 earnings per share for the current year.

In other C.H. Robinson Worldwide news, insider Ben G. Campbell sold 2,677 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $93.69, for a total transaction of $250,808.13. Following the transaction, the insider now owns 34,412 shares in the company, valued at approximately $3,224,060.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mac S. Pinkerton sold 500 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $98.06, for a total transaction of $49,030.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,376 shares of company stock worth $3,276,535. 1.82% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CHRW. First Eagle Investment Management LLC lifted its stake in C.H. Robinson Worldwide by 25.6% during the 1st quarter. First Eagle Investment Management LLC now owns 10,737,988 shares of the transportation company’s stock valued at $710,855,000 after acquiring an additional 2,190,937 shares during the period. APG Asset Management N.V. increased its position in shares of C.H. Robinson Worldwide by 11,322.1% during the 1st quarter. APG Asset Management N.V. now owns 877,900 shares of the transportation company’s stock valued at $68,013,000 after purchasing an additional 870,214 shares during the last quarter. Invesco Ltd. increased its position in shares of C.H. Robinson Worldwide by 34.5% during the 1st quarter. Invesco Ltd. now owns 2,064,885 shares of the transportation company’s stock valued at $136,696,000 after purchasing an additional 529,916 shares during the last quarter. Morgan Stanley increased its position in shares of C.H. Robinson Worldwide by 93.1% during the 1st quarter. Morgan Stanley now owns 1,057,529 shares of the transportation company’s stock valued at $70,009,000 after purchasing an additional 509,930 shares during the last quarter. Finally, State Street Corp increased its position in shares of C.H. Robinson Worldwide by 5.6% during the 1st quarter. State Street Corp now owns 9,202,429 shares of the transportation company’s stock valued at $609,201,000 after purchasing an additional 490,115 shares during the last quarter. Institutional investors and hedge funds own 94.15% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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