C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded to Outperform at Wolfe Research

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was upgraded by stock analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $112.00 target price on the transportation company's stock. Wolfe Research's price objective indicates a potential upside of 13.93% from the company's current price.

A number of other analysts have also issued reports on the stock. Barclays lowered their target price on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Citigroup lowered their price objective on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. 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 on the stock in a research report on Friday, April 11th. TD Securities boosted their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Bank of America raised their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.55.

C.H. Robinson Worldwide Trading Up 2.5%

Shares of CHRW traded up $2.36 during midday trading on Tuesday, hitting $98.31. The stock had a trading volume of 1,253,174 shares, compared to its average volume of 1,304,373. The stock's 50 day moving average is $94.06 and its 200 day moving average is $97.93. The firm has a market cap of $11.67 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.58 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. C.H. Robinson Worldwide has a 1 year low of $84.24 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data 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. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The firm's quarterly revenue was down 8.3% compared to the same quarter last year. As a group, analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In related 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 completion of the transaction, the insider owned 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

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