BidaskClub upgraded shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) from a strong sell rating to a sell rating in a research report report published on Saturday morning.

CHRW has been the topic of several other research reports. Deutsche Bank AG dropped their target price on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a hold rating on the stock in a research report on Friday, July 21st. Credit Suisse Group reissued a sell rating and set a $75.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. Zacks Investment Research downgraded shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a research report on Tuesday, June 27th. Vertical Research raised shares of C.H. Robinson Worldwide from a sell rating to a hold rating and set a $76.00 target price on the stock in a research report on Friday, May 5th. Finally, Bank of America Corporation dropped their target price on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an underperform rating on the stock in a research report on Thursday, July 20th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. C.H. Robinson Worldwide has an average rating of Hold and an average price target of $70.10.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 1.01% on Friday, hitting $66.54. 2,561,616 shares of the stock traded hands. The stock’s 50 day moving average price is $67.70 and its 200 day moving average price is $72.85. C.H. Robinson Worldwide has a 52-week low of $63.41 and a 52-week high of $81.16. The stock has a market cap of $9.39 billion, a P/E ratio of 19.51 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by $0.12. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. On average, equities analysts expect that C.H. Robinson Worldwide will post $3.31 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the stock. Donald L. Hagan LLC boosted its position in C.H. Robinson Worldwide by 7.7% in the first quarter. Donald L. Hagan LLC now owns 17,755 shares of the transportation company’s stock valued at $1,372,000 after buying an additional 1,264 shares in the last quarter. CWM LLC boosted its position in C.H. Robinson Worldwide by 14.7% in the first quarter. CWM LLC now owns 417,491 shares of the transportation company’s stock valued at $32,268,000 after buying an additional 53,651 shares in the last quarter. Norway Savings Bank boosted its position in C.H. Robinson Worldwide by 16.0% in the first quarter. Norway Savings Bank now owns 3,835 shares of the transportation company’s stock valued at $296,000 after buying an additional 530 shares in the last quarter. Marathon Asset Management LLP boosted its position in C.H. Robinson Worldwide by 9.1% in the first quarter. Marathon Asset Management LLP now owns 510,001 shares of the transportation company’s stock valued at $39,418,000 after buying an additional 42,514 shares in the last quarter. Finally, National Pension Service boosted its position in C.H. Robinson Worldwide by 7.1% in the first quarter. National Pension Service now owns 138,715 shares of the transportation company’s stock valued at $10,771,000 after buying an additional 9,147 shares in the last quarter. Hedge funds and other institutional investors own 87.34% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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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