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.
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.
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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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