C.H. Robinson Worldwide (NASDAQ:CHRW) Downgraded to Hold Rating by StockNews.com

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

Several other brokerages have also recently issued reports on CHRW. Bank of America lowered 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 report on Thursday, January 30th. Raymond James reduced their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company raised C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Stifel Nicolaus raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price objective for the company in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced 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 note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and an average target price of $117.79.

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C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $4.33 during mid-day trading on Friday, hitting $102.45. 1,709,017 shares of the stock traded hands, compared to its average volume of 1,198,244. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company's 50-day simple moving average is $101.67 and its 200-day simple moving average is $104.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28.

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, beating the consensus estimate 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%. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 15,048 shares of company stock worth $1,513,656. Corporate insiders own 1.47% of the company's stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised 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 in the last quarter. Charles Schwab Investment Management Inc. raised 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 in the last quarter. Geode Capital Management LLC raised 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 in the last quarter. Van ECK Associates Corp increased its stake in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of C.H. Robinson Worldwide by 25.7% in the fourth 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. 93.15% of the stock is currently owned by institutional investors.

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.