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

Key Points

• C.H. Robinson Worldwide has been upgraded from a "hold" to a "strong-buy" rating by analysts at Baird R W, reflecting growing confidence in the company's stock.
• The stock has a current price target set at $135.00, with multiple analysts issuing ratings ranging from "hold" to "outperform."
• Despite a recent 7.7% year-over-year decline in quarterly revenue, the company reported an earnings per share of $1.29, exceeding estimates.

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

Several other equities research analysts have also commented on CHRW. Robert W. Baird raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research note on Thursday. TD Securities boosted 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. 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 research report on Tuesday, July 1st. Raymond James Financial set a $111.00 price objective on C.H. Robinson Worldwide and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Evercore ISI cut their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $116.33.

C.H. Robinson Worldwide Trading Up 18.1%

CHRW opened at $115.32 on Thursday. 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 has a 52 week low of $84.68 and a 52 week high of $116.16. The stock has a market cap of $13.69 billion, a PE ratio of 26.27, a PEG ratio of 1.61 and a beta of 0.89. The business has a 50 day moving average of $97.16 and a 200-day moving average of $97.27.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.45% and a net margin of 3.14%. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the firm posted $1.15 earnings per share. The company's revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts predict that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider directly owned 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CHRW. LPL Financial LLC grew its stake in shares of C.H. Robinson Worldwide by 5.8% during the 4th quarter. LPL Financial LLC now owns 55,648 shares of the transportation company's stock valued at $5,750,000 after purchasing an additional 3,047 shares during the period. New Age Alpha Advisors LLC bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at approximately $86,000. Arrowstreet Capital Limited Partnership purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at approximately $377,000. O Shaughnessy Asset Management LLC increased its holdings in C.H. Robinson Worldwide by 12.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,985 shares of the transportation company's stock valued at $1,445,000 after buying an additional 1,496 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in C.H. Robinson Worldwide by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock worth $326,549,000 after acquiring an additional 64,019 shares during the period. Institutional investors 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.

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