C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded by Baird R W to Hold Rating

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

A number of other equities analysts also recently weighed in on the company. TD Cowen upped their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Truist Financial began coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective for the company. Barclays cut their price objective on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $113.50.

C.H. Robinson Worldwide Stock Down 1.2%

NASDAQ:CHRW traded down $1.18 during trading hours on Tuesday, reaching $97.96. 478,230 shares of the stock were exchanged, compared to its average volume of 1,302,297. C.H. Robinson Worldwide has a twelve month low of $84.24 and a twelve month high of $114.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50 day moving average of $94.50 and a 200 day moving average of $97.86. The stock has a market cap of $11.63 billion, a PE ratio of 23.44, a PEG ratio of 1.62 and a beta of 0.89.

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

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The stock was 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 trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.47% of the company's stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after acquiring an additional 102 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 2.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock worth $407,000 after acquiring an additional 105 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of C.H. Robinson Worldwide by 0.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after acquiring an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of C.H. Robinson Worldwide by 5.5% in the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after acquiring an additional 114 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Company Profile

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.