C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded to Buy at UBS Group

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, Briefing.com reports. The firm currently has a $140.00 price objective on the transportation company’s stock, up from their prior price objective of $100.00. UBS Group’s target price points to a potential upside of 32.70% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Barclays upped their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. TD Cowen upped their price objective on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird upped their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, StockNews.com upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.53.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $105.50 on Friday. The company’s fifty day moving average price is $100.93 and its 200 day moving average price is $87.90. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $110.51. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $12.35 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 2.15 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. As a group, analysts expect that C.H. Robinson Worldwide will post 4.13 earnings per share for the current year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Central Pacific Bank Trust Division boosted its position in C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after buying an additional 120 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of C.H. Robinson Worldwide by 3.4% in the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock valued at $325,000 after purchasing an additional 140 shares during the period. Quent Capital LLC lifted its stake in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the period. Redwood Investment Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 0.6% in the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after purchasing an additional 165 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares during the period. 93.15% of the stock is currently owned by 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.