C. H. Robinson (CHRW) Cut to Hold at BidaskClub

BidaskClub lowered shares of C. H. Robinson (NASDAQ:CHRW) from a buy rating to a hold rating in a report issued on Friday.

Several other analysts have also recently issued reports on the company. Edward Jones upgraded C. H. Robinson from a hold rating to a buy rating in a report on Sunday, March 11th. Robert W. Baird restated a hold rating and issued a $95.00 target price on shares of C. H. Robinson in a report on Wednesday, January 31st. KeyCorp restated an overweight rating on shares of C. H. Robinson in a report on Wednesday, January 24th. Morgan Stanley upped their target price on C. H. Robinson from $57.00 to $70.00 and gave the company an underweight rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded C. H. Robinson from a hold rating to a buy rating and set a $99.00 target price for the company in a report on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $84.76.

How to Become a New Pot Stock Millionaire

Shares of CHRW opened at $93.68 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 one year low of $63.41 and a one year high of $100.18. The company has a market cap of $13,061.15, a P/E ratio of 26.92, a PEG ratio of 2.33 and a beta of 0.41.

C. H. Robinson (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.14. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.69 billion. C. H. Robinson had a return on equity of 36.28% and a net margin of 3.40%. equities analysts predict that C. H. Robinson will post 4.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 2nd were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, March 1st. C. H. Robinson’s dividend payout ratio is presently 52.87%.

In other news, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $93.97, for a total transaction of $662,206.59. Following the completion of the transaction, the insider now directly owns 14,323 shares in the company, valued at approximately $1,345,932.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Wiehoff sold 13,946 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $92.08, for a total value of $1,284,147.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,248 shares of company stock valued at $2,704,578. Company insiders own 0.97% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Saratoga Research & Investment Management lifted its stake in C. H. Robinson by 0.8% during the 4th quarter. Saratoga Research & Investment Management now owns 701,060 shares of the transportation company’s stock worth $62,457,000 after acquiring an additional 5,267 shares in the last quarter. Alliancebernstein L.P. lifted its stake in C. H. Robinson by 9.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,026,131 shares of the transportation company’s stock worth $91,418,000 after acquiring an additional 85,420 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in C. H. Robinson by 52.9% during the 4th quarter. State of Tennessee Treasury Department now owns 187,146 shares of the transportation company’s stock worth $16,673,000 after acquiring an additional 64,709 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in C. H. Robinson during the 4th quarter worth about $3,843,000. Finally, National Pension Service lifted its stake in C. H. Robinson by 9.1% during the 4th quarter. National Pension Service now owns 172,769 shares of the transportation company’s stock worth $15,392,000 after acquiring an additional 14,444 shares in the last quarter. 94.34% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/04/23/c-h-robinson-chrw-cut-to-hold-at-bidaskclub.html.

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.

Analyst Recommendations for C. H. Robinson (NASDAQ:CHRW)

Receive News & Ratings for C. H. Robinson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C. H. Robinson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply