C.H. Robinson Worldwide (NASDAQ:CHRW) Now Covered by Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a research report issued on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $129.00 price target on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 25.92% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Susquehanna reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Friday, January 31st. Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. StockNews.com downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Benchmark reaffirmed a “buy” rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.79.

C.H. Robinson Worldwide Stock Up 4.4 %

Shares of NASDAQ CHRW opened at $102.45 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The firm’s fifty day moving average is $101.67 and its 200 day moving average is $104.68. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, equities research 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 Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,048 shares of company stock worth $1,513,656. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently added to or reduced their stakes in CHRW. Van ECK Associates Corp grew its holdings in C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after buying an additional 3,004,338 shares in the last quarter. FMR LLC grew its holdings in C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after buying an additional 2,449,367 shares in the last quarter. Norges Bank purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $134,833,000. Raymond James Financial Inc. purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $102,174,000. Finally, First Trust Advisors LP grew its holdings in C.H. Robinson Worldwide by 163.6% during the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company’s stock valued at $124,625,000 after buying an additional 748,661 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other 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.