C. H. Robinson (NASDAQ:CHRW) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Several other research firms have also commented on CHRW. ValuEngine upgraded shares of C. H. Robinson from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded shares of C. H. Robinson from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, April 3rd. Citigroup upgraded shares of C. H. Robinson from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Cowen upped their price target on shares of C. H. Robinson from $88.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Edward Jones upgraded shares of C. H. Robinson from a “hold” rating to a “buy” rating in a research report on Sunday, March 11th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. C. H. Robinson currently has a consensus rating of “Hold” and a consensus price target of $82.41.
CHRW stock opened at $90.48 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 1.26. C. H. Robinson has a 1-year low of $63.41 and a 1-year high of $100.18. The firm has a market cap of $12,699.23, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.41.
C. H. Robinson (NASDAQ:CHRW) last released its earnings results on Tuesday, January 30th. The transportation company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.69 billion. C. H. Robinson had a net margin of 3.40% and a return on equity of 36.28%. equities research analysts predict that C. H. Robinson will post 4.47 earnings per share for the current fiscal year.
In related news, CEO John Wiehoff sold 13,946 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $92.08, for a total value of $1,284,147.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Lemke sold 4,346 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $92.75, for a total transaction of $403,091.50. The disclosure for this sale can be found here. Insiders sold 29,248 shares of company stock valued at $2,704,578 in the last ninety days. Corporate insiders own 0.85% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in C. H. Robinson by 2.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 174,272 shares of the transportation company’s stock valued at $15,526,000 after acquiring an additional 4,302 shares during the last quarter. J. Goldman & Co LP acquired a new stake in C. H. Robinson in the 4th quarter valued at about $668,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in C. H. Robinson by 38.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,800 shares of the transportation company’s stock valued at $873,000 after acquiring an additional 2,700 shares during the last quarter. Archford Capital Strategies LLC acquired a new stake in C. H. Robinson in the 4th quarter valued at about $389,000. Finally, MetLife Investment Advisors LLC acquired a new stake in C. H. Robinson in the 4th quarter valued at about $3,843,000. 94.49% of the stock is owned by institutional investors.
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About C. H. Robinson
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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