C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded at StockNews.com

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.

CHRW has been the topic of a number of other reports. Bank of America dropped their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Citigroup decreased their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. Finally, Barclays boosted their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $117.17.

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C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $1.25 during midday trading on Thursday, hitting $100.37. 929,486 shares of the company's stock were exchanged, compared to its average volume of 1,178,367. The business's fifty day moving average price is $102.14 and its two-hundred day moving average price is $104.72. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.16 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. As a group, research 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 other news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its holdings in shares of C.H. Robinson Worldwide by 0.9% during the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock worth $1,230,000 after buying an additional 98 shares during the last quarter. Parallel Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock valued at $443,000 after acquiring an additional 102 shares during the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after acquiring an additional 105 shares during the period. Venturi Wealth Management LLC lifted its stake in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after purchasing an additional 111 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after acquiring an additional 112 shares in the last quarter. 93.15% of the stock is currently 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.