Deutsche Bank Aktiengesellschaft Begins Coverage on C.H. Robinson Worldwide (NASDAQ:CHRW)

Research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) in a report issued on Friday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $129.00 price target on the transportation company's stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 25.92% from the company's current price.

Other research analysts have also issued research reports about the company. Stephens restated an "equal weight" rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Barclays raised their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research report on Friday, January 17th. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $118.00 to $130.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, BMO Capital Markets increased their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $117.79.

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C.H. Robinson Worldwide Price Performance

CHRW stock traded up $4.33 during trading on Friday, reaching $102.45. The company's stock had a trading volume of 1,709,017 shares, compared to its average volume of 1,198,244. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $12.16 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company's fifty day moving average is $101.67 and its 200-day moving average is $104.68.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, research analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The shares were 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 owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares of the company's stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,048 shares of company stock valued at $1,513,656. Corporate insiders own 1.47% of the company's stock.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in C.H. Robinson Worldwide by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock valued at $1,501,774,000 after buying an additional 251,943 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 191,611 shares during the period. Geode Capital Management LLC increased its holdings in C.H. Robinson Worldwide by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock valued at $326,549,000 after buying an additional 64,019 shares during the period. Van ECK Associates Corp increased its holdings in C.H. Robinson Worldwide by 92,841.1% during the fourth 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 during the period. Finally, Wellington Management Group LLP increased its holdings in C.H. Robinson Worldwide by 25.7% during the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the period. Institutional investors 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.