C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Lowered to Buy at BidaskClub

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday, January 18th.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and issued a $90.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, January 9th. KeyCorp reissued a “buy” rating and issued a $78.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, September 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of C.H. Robinson Worldwide from $63.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $82.53.

C.H. Robinson Worldwide (NASDAQ:CHRW) traded down $1.12 during mid-day trading on Thursday, hitting $89.35. 2,478,959 shares of the stock were exchanged, compared to its average volume of 2,082,931. C.H. Robinson Worldwide has a twelve month low of $63.41 and a twelve month high of $100.18. The firm has a market capitalization of $12,482.64, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.31 and a beta of 0.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 1.24.

In other news, VP Ben G. Campbell sold 4,865 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $85.00, for a total value of $413,525.00. Following the completion of the transaction, the vice president now owns 29,837 shares in the company, valued at approximately $2,536,145. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Angela K. Freeman sold 1,300 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $80.64, for a total transaction of $104,832.00. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CHRW. Franklin Resources Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $548,000. Riverhead Capital Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 1.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,612 shares of the transportation company’s stock worth $523,000 after purchasing an additional 126 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 4.6% in the 2nd quarter. Teachers Advisors LLC now owns 175,430 shares of the transportation company’s stock worth $12,049,000 after purchasing an additional 7,731 shares during the last quarter. BlackRock Inc. grew its holdings in shares of C.H. Robinson Worldwide by 3.6% in the 2nd quarter. BlackRock Inc. now owns 10,889,921 shares of the transportation company’s stock worth $747,922,000 after purchasing an additional 377,726 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of C.H. Robinson Worldwide by 51.6% in the 2nd quarter. Amalgamated Bank now owns 16,317 shares of the transportation company’s stock worth $1,121,000 after purchasing an additional 5,555 shares during the last quarter. 94.10% of the stock is currently owned by institutional investors and hedge funds.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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