C.H. Robinson Worldwide (NASDAQ:CHRW) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded C.H. Robinson Worldwide to “Hold” from “Buy,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $196.56.
• C.H. Robinson reported stronger-than-expected quarterly results, with EPS of $1.61 versus $1.53 expected and revenue of $4.93 billion, up 19.3% year over year.
• The stock opened at $152.99, below its 50-day and 200-day moving averages, while institutional investors retain significant ownership at 93.15%.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Sunday, Wall Street Zen reports.

Several other research firms have also issued reports on CHRW. Stephens decreased their target price on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Truist Financial lifted their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. UBS Group boosted their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, June 1st. Citigroup raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $196.00 to $185.00 in a research report on Tuesday, September 8th. Finally, Freedom Capital raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $196.56.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $152.99 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. The company's 50 day simple moving average is $160.98 and its 200-day simple moving average is $172.07. C.H. Robinson Worldwide has a 1 year low of $123.64 and a 1 year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the company earned $1.29 earnings per share. The firm's quarterly revenue was up 19.3% compared to the same quarter last year. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 6.18 earnings per share for the current year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently bought and sold shares of CHRW. Vestcor Inc lifted its stake in C.H. Robinson Worldwide by 0.8% in the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company's stock worth $1,029,000 after acquiring an additional 51 shares during the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock valued at $45,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after purchasing an additional 67 shares in the last quarter. Millstone Evans Group LLC lifted its position in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of C.H. Robinson Worldwide by 8.7% during the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock worth $155,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

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