C.H. Robinson Worldwide (NASDAQ:CHRW) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a research note issued on Friday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $129.00 price target on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 31.47% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Friday, January 31st. Susquehanna reduced their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, January 30th. Raymond James reduced their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Barclays raised their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Finally, Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $118.00 to $130.00 in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.79.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $98.12 on Friday. The company has a market capitalization of $11.65 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.16 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The stock’s fifty day moving average is $101.82 and its two-hundred day moving average is $104.68.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Equities analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,048 shares of company stock valued at $1,513,656. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of CHRW. National Pension Service bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. Finally, Mainstream Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

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.