C.H. Robinson Worldwide (NASDAQ:CHRW) Raised to Hold at Baird R W

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was upgraded by Baird R W to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on CHRW. Wall Street Zen cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. TD Securities increased their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Robert W. Baird initiated coverage on shares of C.H. Robinson Worldwide in a research note on Tuesday. They set a "neutral" rating and a $105.00 price objective for the company. Finally, Evercore ISI decreased their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average price target of $113.50.

C.H. Robinson Worldwide Trading Down 1.2%

CHRW stock traded down $1.18 during trading on Tuesday, hitting $97.96. The company had a trading volume of 478,230 shares, compared to its average volume of 1,301,783. The firm has a market capitalization of $11.63 billion, a P/E ratio of 23.44, a PEG ratio of 1.61 and a beta of 0.89. C.H. Robinson Worldwide has a 52-week low of $84.24 and a 52-week high of $114.82. The company has a 50 day simple moving average of $94.67 and a 200-day simple moving average of $97.73. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the firm posted $0.86 EPS. The firm's revenue was down 8.3% compared to the same quarter last year. As a group, research analysts forecast that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.47% of the company's stock.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 2.4% during the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after purchasing an additional 102 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in C.H. Robinson Worldwide by 2.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock worth $407,000 after buying an additional 105 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after buying an additional 112 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of C.H. Robinson Worldwide by 5.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock valued at $223,000 after purchasing an additional 114 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of C.H. Robinson Worldwide by 31.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors 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.