Citigroup Downgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to Hold

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by stock analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Several other analysts have also weighed in on CHRW. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. 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 report on Thursday, August 1st. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Benchmark upped their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Susquehanna reduced their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Stock Down 0.1 %

C.H. Robinson Worldwide stock opened at $107.54 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The stock’s fifty day moving average is $107.74 and its two-hundred day moving average is $97.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. C.H. Robinson Worldwide’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. Analysts predict that C.H. Robinson Worldwide will post 4.4 EPS for the current fiscal year.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of large investors have recently modified their holdings of the stock. QRG Capital Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after buying an additional 98 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of C.H. Robinson Worldwide by 13.6% in the third 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 in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after buying an additional 144 shares in the last quarter. Finally, Quent Capital LLC grew its stake in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.