C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)‘s stock had its “hold” rating restated by Oppenheimer Holdings, Inc. in a note issued to investors on Wednesday.

Several other equities research analysts also recently issued reports on CHRW. Stifel Nicolaus upped their price target on C.H. Robinson Worldwide from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Wednesday. Barclays PLC upped their price objective on C.H. Robinson Worldwide from $67.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, October 2nd. BidaskClub upgraded C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Cowen and Company reduced their price objective on C.H. Robinson Worldwide from $73.00 to $68.00 and set a “market perform” rating for the company in a research note on Friday, July 21st. Finally, BMO Capital Markets downgraded C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $72.00 to $77.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $76.56.

C.H. Robinson Worldwide (NASDAQ CHRW) traded down 0.22% during trading on Wednesday, hitting $78.36. 1,758,673 shares of the company traded hands. The firm has a market capitalization of $11.00 billion, a P/E ratio of 22.98 and a beta of 0.42. The stock has a 50-day moving average price of $75.86 and a 200-day moving average price of $70.87. C.H. Robinson Worldwide has a 12-month low of $63.41 and a 12-month high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. C.H. Robinson Worldwide’s revenue was up 12.8% compared to the same quarter last year. Equities analysts expect that C.H. Robinson Worldwide will post $3.26 EPS for the current fiscal year.

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In related news, VP Angela K. Freeman sold 1,200 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.85% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CHRW. NEXT Financial Group Inc lifted its holdings in C.H. Robinson Worldwide by 7.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock worth $199,000 after purchasing an additional 209 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in C.H. Robinson Worldwide by 39.0% during the 3rd quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock worth $204,000 after purchasing an additional 750 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $205,000. Sawtooth Solutions LLC lifted its holdings in C.H. Robinson Worldwide by 2.5% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock worth $208,000 after purchasing an additional 73 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in C.H. Robinson Worldwide by 10.2% during the 2nd quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock worth $208,000 after purchasing an additional 280 shares in the last quarter. 89.17% of the stock is currently owned by institutional investors and hedge funds.

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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