C.H. Robinson Worldwide (NASDAQ:CHRW) Now Covered by Robert W. Baird

Investment analysts at Robert W. Baird began coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) in a report issued on Tuesday, Marketbeat.com reports. The firm set a "neutral" rating and a $105.00 price target on the transportation company's stock. Robert W. Baird's price target indicates a potential upside of 6.81% from the company's previous close.

Several other brokerages also recently issued reports on CHRW. Evercore ISI reduced their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group reduced their target price on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Tuesday. Barclays cut their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Finally, TD Cowen increased their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report 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, the company currently has an average rating of "Moderate Buy" and an average price target of $113.55.

C.H. Robinson Worldwide Stock Performance

CHRW traded up $2.36 on Tuesday, hitting $98.31. 1,253,174 shares of the company's stock were exchanged, compared to its average volume of 1,304,373. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average of $94.06 and a two-hundred day moving average of $97.93. C.H. Robinson Worldwide has a twelve month low of $84.24 and a twelve month high of $114.82. The firm has a market cap of $11.67 billion, a PE ratio of 23.52, a P/E/G ratio of 1.58 and a beta of 0.90.

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

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $211,000. Proficio Capital Partners LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $33,000. QRG Capital Management Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 4.7% in the fourth quarter. QRG Capital Management Inc. now owns 11,675 shares of the transportation company's stock worth $1,206,000 after buying an additional 527 shares during the period. Smartleaf Asset Management LLC increased its position in shares of C.H. Robinson Worldwide by 420.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,867 shares of the transportation company's stock worth $193,000 after acquiring an additional 1,508 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $387,000. 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.