C.H. Robinson Worldwide (NASDAQ:CHRW) Downgraded by Wall Street Zen to Hold

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 $197.
• CHRW reported stronger-than-expected quarterly results, with earnings per share of $1.61 versus the $1.53 estimate and revenue of $4.93 billion, up 19.3% year over year.
• The stock opened at $150.39, well below its 50-day and 200-day moving averages, while institutional investors own a substantial 93.15% of outstanding shares.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other research analysts have also weighed in on the company. TD Cowen cut their price objective on C.H. Robinson Worldwide from $155.00 to $152.00 and set a "hold" rating for the company in a research report on Tuesday, July 28th. Freedom Capital raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, July 31st. Stephens reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $197.00.

C.H. Robinson Worldwide Trading Down 0.5%

C.H. Robinson Worldwide stock opened at $150.39 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm's 50 day moving average price is $171.72 and its 200-day moving average price is $175.47. C.H. Robinson Worldwide has a 1 year low of $123.64 and a 1 year high of $210.33. The stock has a market cap of $17.57 billion, a P/E ratio of 28.70, a PEG ratio of 1.28 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide's quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the company posted $1.29 earnings per share. On average, equities analysts predict that C.H. Robinson Worldwide will post 6.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently modified their holdings of CHRW. California State Teachers Retirement System increased its position in shares of C.H. Robinson Worldwide by 16,583.8% during the 2nd quarter. California State Teachers Retirement System now owns 39,473,051 shares of the transportation company's stock valued at $7,434,354,000 after purchasing an additional 39,236,456 shares during the last quarter. Wellington Management Group LLP boosted its stake in C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company's stock worth $945,773,000 after buying an additional 4,751,034 shares during the period. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide during the first quarter valued at $579,922,000. Auto Owners Insurance Co raised its stake in shares of C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock valued at $24,293,000 after acquiring an additional 1,501,744 shares during the period. Finally, Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at $236,665,000. 93.15% of the stock is owned by institutional investors.

About C.H. Robinson Worldwide

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.

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