C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded to "Equal Weight" at Barclays

Key Points

• C.H. Robinson Worldwide has been upgraded from an "underweight" to an "equal weight" rating by Barclays, with a price target set at $130.00, indicating a potential downside of 1.86% from its previous close.
• Other analysts have provided positive ratings for the stock, with target prices ranging from $135.00 to $165.00, reflecting a consensus rating of "Moderate Buy."
• In its last quarterly report, C.H. Robinson Worldwide posted an EPS of $1.29, exceeding estimates, while experiencing a revenue decline of 7.7% year-over-year.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was upgraded by equities researchers at Barclays from an "underweight" rating to an "equal weight" rating in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a $130.00 price target on the transportation company's stock. Barclays's price objective would suggest a potential downside of 1.86% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Robert W. Baird raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research note on Thursday, July 31st. Evercore ISI upped their target price on shares of C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an "outperform" rating in a research note on Tuesday. UBS Group reissued a "buy" rating and issued a $133.00 target price (up previously from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Susquehanna set a $165.00 target price on shares of C.H. Robinson Worldwide and gave the company a "positive" rating in a research note on Wednesday, September 24th. Finally, Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.19.

C.H. Robinson Worldwide Stock Up 0.4%

Shares of CHRW opened at $132.46 on Wednesday. The company has a 50-day simple moving average of $123.25 and a 200-day simple moving average of $104.93. The firm has a market capitalization of $15.64 billion, a P/E ratio of 30.17, a P/E/G ratio of 2.07 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. C.H. Robinson Worldwide has a 52 week low of $84.68 and a 52 week high of $138.00.

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 analysts' consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share. On average, equities research analysts expect 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 the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the sale, the insider directly owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,577 shares of company stock valued at $1,714,544. 0.91% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently modified their holdings of CHRW. Boston Partners bought a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $234,304,000. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $118,976,000. Bank of New York Mellon Corp grew its stake in shares of C.H. Robinson Worldwide by 78.3% during the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company's stock valued at $193,219,000 after purchasing an additional 884,160 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of C.H. Robinson Worldwide by 144.4% during the first quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock valued at $80,292,000 after purchasing an additional 463,216 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of C.H. Robinson Worldwide by 7,706.1% during the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after purchasing an additional 449,034 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.