C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Gets Downgrade from Deutsche Bank Aktiengesellschaft

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued on Monday, MarketBeat reports. They presently have a $153.00 price target on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 10.89% from the company’s previous close.

CHRW has been the subject of several other research reports. Truist Financial cut their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, July 30th. UBS Group reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Finally, Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $192.08.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $137.97 on Monday. The stock has a fifty day simple moving average of $147.74 and a two-hundred day simple moving average of $168.37. C.H. Robinson Worldwide has a 1-year low of $123.64 and a 1-year high of $210.33. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the business posted $1.29 earnings per share. Analysts anticipate that C.H. Robinson Worldwide will post 6.25 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth $579,922,000. Dimensional Fund Advisors LP raised its position in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after buying an additional 25,674 shares in the last quarter. Bank of America Corp DE raised its position in shares of C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after buying an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide during the second quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $123,176,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.