C.H. Robinson Worldwide (NASDAQ:CHRW) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• C.H. Robinson Worldwide (NASDAQ:CHRW) has received a "hold (C+)" rating from Weiss Ratings, while various analysts have raised their ratings and target prices, indicating a generally positive sentiment around the stock.
• The company's stock recently traded at $134.04, showing a slight increase of 0.2%, with a market capitalization of $15.83 billion and a PE ratio of 30.53.
• Insider trades reflect a decrease in positions as C.H. Robinson Worldwide insiders sold a combined total of 14,577 shares recently, raising concerns about confidence among company executives.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report)'s stock had its "hold (c+)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also commented on CHRW. Robert W. Baird raised C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a report on Thursday, July 31st. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a report on Tuesday, July 1st. Stifel Nicolaus increased their target price on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Evercore ISI increased their target price on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $130.57.

C.H. Robinson Worldwide Stock Up 0.2%

Shares of C.H. Robinson Worldwide stock traded up $0.25 during trading hours on Wednesday, reaching $134.04. 1,560,183 shares of the company were exchanged, compared to its average volume of 1,391,876. C.H. Robinson Worldwide has a 1 year low of $84.68 and a 1 year high of $138.00. The stock's fifty day moving average is $126.51 and its 200 day moving average is $106.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $15.83 billion, a PE ratio of 30.53, a PEG ratio of 1.85 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. The company's revenue was down 7.7% on a year-over-year basis. As a group, equities research analysts forecast that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares of the company's stock, valued at $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,577 shares of company stock valued at $1,714,544. Company insiders own 0.91% of the company's stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in CHRW. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide in the 1st quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new position in C.H. Robinson Worldwide in the 2nd quarter worth $30,000. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter worth $32,000. Finally, MUFG Securities EMEA plc acquired a new position in C.H. Robinson Worldwide in the 2nd quarter worth $34,000. Institutional investors and hedge funds own 93.15% of the company's stock.

About C.H. Robinson Worldwide

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.

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