C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Lowered by Robert W. Baird

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C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Monday, MarketBeat Ratings reports. They currently have a $98.00 price objective on the transportation company’s stock. Robert W. Baird’s price target indicates a […]

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Monday, MarketBeat Ratings reports. They currently have a $98.00 price objective on the transportation company’s stock. Robert W. Baird’s price target indicates a potential upside of 3.20% from the company’s current price.

CHRW has been the topic of several other research reports. TheStreet upgraded C.H. Robinson Worldwide from a “c+” rating to a “b” rating in a report on Friday, July 24th. Credit Suisse Group increased their price target on C.H. Robinson Worldwide from $65.00 to $79.00 in a report on Thursday, July 30th. Susquehanna Bancshares lowered their price target on C.H. Robinson Worldwide from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $67.00 to $86.00 in a research report on Wednesday, June 3rd. Finally, BidaskClub raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, July 21st. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $84.40.

NASDAQ:CHRW opened at $94.96 on Monday. The stock’s 50 day moving average price is $87.78 and its 200 day moving average price is $76.44. C.H. Robinson Worldwide has a 52 week low of $56.94 and a 52 week high of $99.22. The company has a market capitalization of $12.82 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.07 and a beta of 0.63. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.56 and a current ratio of 1.56.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.54 by $0.52. C.H. Robinson Worldwide had a return on equity of 28.22% and a net margin of 3.10%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that C.H. Robinson Worldwide will post 3.44 earnings per share for the current fiscal year.

In other C.H. Robinson Worldwide news, insider Ben G. Campbell sold 2,677 shares of C.H. Robinson Worldwide stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $93.69, for a total transaction of $250,808.13. Following the completion of the transaction, the insider now directly owns 34,412 shares of the company’s stock, valued at $3,224,060.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 1,480 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $77.64, for a total value of $114,907.20. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of C.H. Robinson Worldwide by 45.0% in the second quarter. AQR Capital Management LLC now owns 1,448,575 shares of the transportation company’s stock valued at $113,337,000 after buying an additional 449,509 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of C.H. Robinson Worldwide by 6.6% in the second quarter. Engineers Gate Manager LP now owns 5,187 shares of the transportation company’s stock valued at $410,000 after buying an additional 320 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of C.H. Robinson Worldwide by 28.2% in the second quarter. Townsquare Capital LLC now owns 20,002 shares of the transportation company’s stock valued at $1,641,000 after buying an additional 4,397 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of C.H. Robinson Worldwide by 38.1% in the second quarter. Great West Life Assurance Co. Can now owns 216,838 shares of the transportation company’s stock valued at $17,059,000 after buying an additional 59,877 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of C.H. Robinson Worldwide by 192.6% in the second quarter. Jacobs Levy Equity Management Inc. now owns 287,734 shares of the transportation company’s stock valued at $22,748,000 after buying an additional 189,409 shares in the last quarter. Institutional investors own 89.11% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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