Robert W. Baird reaffirmed their hold rating on shares of C. H. Robinson (NASDAQ:CHRW) in a research note released on Tuesday morning. The firm currently has a $100.00 target price on the transportation company’s stock.
Other research analysts also recently issued research reports about the stock. 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, February 6th. Cleveland Research upgraded shares of C. H. Robinson from a neutral rating to a buy rating in a research report on Friday, January 26th. Citigroup upgraded shares of C. H. Robinson from a neutral rating to a buy rating in a research report on Thursday, January 4th. BidaskClub downgraded shares of C. H. Robinson from a strong-buy rating to a buy rating in a research report on Thursday, January 18th. 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 research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. C. H. Robinson presently has a consensus rating of Hold and an average target price of $82.71.
CHRW opened at $95.41 on Tuesday. C. H. Robinson has a twelve month low of $63.41 and a twelve month high of $100.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $13,098.77, a P/E ratio of 27.42, a P/E/G ratio of 2.33 and a beta of 0.41.
C. H. Robinson (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. C. H. Robinson had a net margin of 3.40% and a return on equity of 36.28%. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.69 billion. sell-side analysts expect that C. H. Robinson will post 4.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $1.84 annualized dividend and a yield of 1.93%. C. H. Robinson’s dividend payout ratio is presently 52.87%.
In other news, insider Chris Obrien sold 3,909 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $90.85, for a total value of $355,132.65. Following the completion of the sale, the insider now owns 23,149 shares of the company’s stock, valued at approximately $2,103,086.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John Wiehoff sold 13,946 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $92.08, for a total transaction of $1,284,147.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,248 shares of company stock valued at $2,704,578. 0.97% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of 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 buying an additional 4,302 shares during the period. J. Goldman & Co LP purchased a new stake in shares of C. H. Robinson in the 4th quarter valued at approximately $668,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of 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 buying an additional 2,700 shares during the period. Archford Capital Strategies LLC purchased a new stake in shares of C. H. Robinson in the 4th quarter valued at approximately $389,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of C. H. Robinson in the 4th quarter valued at approximately $3,843,000. 94.08% of the stock is owned by institutional investors and hedge funds.
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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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