UBS Group Upgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to “Buy”

by · The Cerbat Gem

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a $140.00 price target on the transportation company’s stock, up from their prior price target of $100.00. UBS Group’s target price suggests a potential upside of 31.17% from the stock’s previous close.

CHRW has been the topic of a number of other research reports. StockNews.com upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Susquehanna upped their price objective on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Wells Fargo & Company increased their price objective 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. Finally, Evercore ISI boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $99.53.

Read Our Latest Research Report on CHRW

C.H. Robinson Worldwide Stock Up 1.2 %

CHRW opened at $106.73 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a fifty day moving average of $101.60 and a 200-day moving average of $88.26. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $110.51. The company has a market capitalization of $12.50 billion, a P/E ratio of 42.19, a P/E/G ratio of 2.15 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share 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 business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The business’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts expect that C.H. Robinson Worldwide will post 4.13 EPS for the current year.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $6,979,372.34. This represents a 0.00 % decrease in their position. The sale 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 company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of C.H. Robinson Worldwide by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after acquiring an additional 177,119 shares during the period. First Eagle Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after purchasing an additional 2,003,158 shares during the period. Van ECK Associates Corp boosted its stake in shares of C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after purchasing an additional 2,643,193 shares during the last quarter. ProShare Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after buying an additional 526,872 shares during the period. Finally, Wellington Management Group LLP raised its stake in C.H. Robinson Worldwide by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after buying an additional 68,491 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

(Get Free Report)

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.

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