C.H. Robinson Worldwide, Inc. (CHRW) Stock Formed Bullish Double Top Pattern

June 29, 2018 - By Rhonda Roth

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Corporate Logo

Big Money Sentiment decreased to 0.75 in Q1 2018. It has change of 0.19, from 2017Q4’s 0.94. The ratio turned negative due to C.H. Robinson Worldwide, Inc. positioning: 49 sold and 170 reduced. 51 funds amassed stakes and 113 increased stakes. Investors holded 128.71 million in 2017Q4 but now own 123.22 million shares or 4.26% less.
Utd Fincl Advisers Limited Liability Com has invested 0.11% of its capital in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Ballentine Prns Ltd Limited Liability Company stated it has 0.01% in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Fmr Ltd Liability Company has 3.77 million shs for 0.04% of their capital. Ny State Teachers Retirement System invested in 0.05% or 237,481 shs. Bokf Na reported 6,421 shs or 0.02% of all its holdings. Cibc World accumulated 8,908 shs or 0% of the stock. 3,199 are owned by Kentucky Retirement Sys Insur Trust Fund. Mackenzie Fin Corp has 0% invested in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) for 3,112 shs. 4,105 are held by Element Mngmt Limited. Laurion Cap Mgmt L P reported 2,328 shs. Fdx holds 0.04% or 15,820 shs in its capital. Robeco Institutional Asset Management Bv has 0.1% invested in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) for 222,782 shs. Citigroup invested in 4,762 shs or 0% of the stock. Stratos Wealth Prtnrs invested in 0.01% or 2,014 shs. Sather Fincl Gru Inc, Texas-based fund reported 106,264 shs.

C.H. Robinson Worldwide, Inc. registered $3.57 million net activity with 0 insider buys and 7 selling transactions since February 12, 2018. The insider Freeman Angela K. sold 1,000 shs worth $94,619. Another trade for 3,909 shs valued at $355,113 was made by OBRIEN CHRIS on Monday, February 12. Another trade for 7,047 shs valued at $662,240 was sold by Biesterfeld Robert C Jr. $1.41 million worth of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) shs were sold by Campbell Ben G. LINDBLOOM CHAD sold $487,991 worth of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) on Tuesday, February 27. 4,346 shs valued at $403,092 were sold by LEMKE JAMES on Thursday, February 15.

C.H. Robinson Worldwide, Inc. (CHRW) chart shows a double top technical setup with $87.18 target. That’s 3.00 % above today’s $84.64 stock price. It has $11.79B market cap. On Jun, 29 it was posted by Finviz.com. The valuation of CHRW can change by $353.55M if our $87.18 target is hit.

Ticker’s shares touched $84.64 during the last trading session after 1.33% change.C.H. Robinson Worldwide, Inc. has volume of 316,122 shares. Since June 29, 2017 CHRW has risen 29.92% and is uptrending. CHRW outperformed the S&P 500 by 17.35%.

On July, 18 is awaited C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)’s earnings report, according to Zacks. Analysts predict $1.06 earnings per share, which is $0.28 up or 35.90 % from 2017’s $0.78 earnings per share. If earnings per share of $1.06 is published the profit of CHRW could reach $147.59 million giving it 19.96 P/E. Analysts at Wall Street see C.H. Robinson Worldwide, Inc.’s 4.95 % EPS growth compared to $1.01 earnings per share for last quarter.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Ratings Coverage

In total 11 analysts cover CH Robinson (NASDAQ:CHRW). “Buy” rating has 5, “Sell” are 2, while 4 are “Hold”. (NASDAQ:CHRW) has 45% bullish analysts. With $115.0 highest and $68 lowest target, CH Robinson has $95 average target or 12.24% above the current ($84.64) price. 18 are the (NASDAQ:CHRW)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Monday, April 16 UBS upgraded the shares of CHRW in report to “Buy” rating. On Tuesday, January 16 the firm has “Hold” rating by Credit Suisse given. On Wednesday, January 31 the company was maintained by Susquehanna. In Wednesday, January 31 report BMO Capital Markets maintained it with “Hold” rating and $96.0 target. On Wednesday, January 10 the rating was maintained by Cowen & Co with “Buy”. On Friday, May 4 the firm earned “Equal-Weight” rating by Stephens. On Tuesday, June 19 the rating was maintained by Stifel Nicolaus with “Buy”. On Wednesday, January 24 the firm has “Buy” rating by KeyBanc Capital Markets given. On Friday, February 2 the stock of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has “Underweight” rating given by Morgan Stanley. On Friday, April 6 Morgan Stanley maintained the shares of CHRW in report with “Underweight” rating.

More recent C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) news were brought out by Fool.com, Businesswire.com and Globenewswire.com. The first one has “Will Landstar Earnings Continue to Rise in the Back Half of 2018?” as a title and was brought out on June 20, 2018. The next is “CH Robinson Worldwide Second Quarter 2018 Earnings Conference Call” on June 28, 2018. And last was brought out on June 26, 2018, called “Report: Exploring Fundamental Drivers Behind Chegg, CH Robinson Worldwide, Republic Services, CorMedix …”.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Institutional Investors Chart

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