C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Lowered by StockNews.com

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

CHRW has been the subject of several other research reports. Barclays lifted their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Susquehanna cut their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Robert W. Baird upped their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.79.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $102.45 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The firm’s 50 day simple moving average is $101.67 and its 200-day simple moving average is $104.68. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82. The stock has a market capitalization 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 released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating 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%. Analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

Insiders Place Their Bets

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 completion of the sale, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s 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 sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock valued at $1,513,656 in the last three months. 1.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several large investors have recently modified their holdings of CHRW. Vanguard Group Inc. increased its position in shares of C.H. Robinson Worldwide by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock worth $1,501,774,000 after purchasing an additional 251,943 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock valued at $428,554,000 after acquiring an additional 191,611 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of C.H. Robinson Worldwide by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock valued at $326,549,000 after acquiring an additional 64,019 shares during the period. Van ECK Associates Corp lifted its holdings in shares of C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after acquiring an additional 3,004,338 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after purchasing an additional 593,211 shares during the period. Institutional investors and hedge funds 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.