C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by UBS Group

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Friday, MarketBeat Ratings reports. The brokerage presently has a $140.00 target price on the transportation company’s stock, up from their previous target price of $100.00. UBS Group’s price target points to a potential upside of 31.17% from the stock’s current price.

A number of other brokerages have also recently weighed in on CHRW. Benchmark lifted their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Vertical Research raised C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Tuesday, July 9th. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Wells Fargo & Company boosted their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $99.53.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $106.73 on Friday. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $110.51. 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 market capitalization of $12.50 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 2.15 and a beta of 0.82. The firm has a fifty day moving average of $101.60 and a two-hundred day moving average of $88.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results 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 return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company earned $0.90 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that C.H. Robinson Worldwide will post 4.13 EPS for the current year.

Insider Activity

In other news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 9th. The shares were 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.47% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds have recently made changes to their positions in CHRW. Massmutual Trust Co. FSB ADV raised its stake in 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 acquiring an additional 185 shares during the period. Quent Capital LLC increased its holdings 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 purchasing an additional 146 shares during the last quarter. UMB Bank n.a. raised its position in shares of C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 294 shares during the period. Peoples Bank KS acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $66,000. Finally, Sentry Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $49,000. 93.15% of the stock is owned by institutional investors and hedge funds.

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.