C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday, BidAskClub reports.
A number of other equities research analysts have also commented on the stock. Morgan Stanley upped their price objective on shares of C.H. Robinson Worldwide from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Monday, August 3rd. Citigroup increased their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Oppenheimer reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Friday, July 31st. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $67.00 to $86.00 in a research note on Wednesday, June 3rd. Finally, Stephens reissued a “buy” rating and set a $84.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, May 21st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $84.40.
NASDAQ:CHRW opened at $103.49 on Tuesday. The firm’s fifty day moving average is $96.58 and its 200-day moving average is $80.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.56 and a current ratio of 1.56. C.H. Robinson Worldwide has a 52 week low of $56.94 and a 52 week high of $105.71. The firm has a market cap of $13.95 billion, a P/E ratio of 30.17, a P/E/G ratio of 3.23 and a beta of 0.63.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.52. C.H. Robinson Worldwide had a net margin of 3.10% and a return on equity of 28.22%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the firm posted $1.22 EPS. The company’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide will post 3.47 earnings per share for the current year.
In other news, insider Chris Obrien sold 31,199 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $95.41, for a total value of $2,976,696.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ben G. Campbell sold 2,677 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $93.69, for a total transaction of $250,808.13. Following the sale, the insider now owns 34,412 shares of the company’s stock, valued at approximately $3,224,060.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,376 shares of company stock valued at $3,276,535. 1.82% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. FDx Advisors Inc. increased its holdings in C.H. Robinson Worldwide by 175.3% during the first quarter. FDx Advisors Inc. now owns 10,250 shares of the transportation company’s stock worth $25,000 after buying an additional 6,527 shares during the last quarter. Ovata Capital Management Ltd purchased a new stake in C.H. Robinson Worldwide during the second quarter worth about $25,000. Berman Capital Advisors LLC increased its holdings in C.H. Robinson Worldwide by 50.4% during the second quarter. Berman Capital Advisors LLC now owns 373 shares of the transportation company’s stock worth $28,000 after buying an additional 125 shares during the last quarter. GQ Asset Management LLC purchased a new stake in C.H. Robinson Worldwide during the first quarter worth about $33,000. Finally, FIL Ltd purchased a new stake in C.H. Robinson Worldwide during the second quarter worth about $34,000. Institutional investors and hedge funds own 94.15% of the company’s stock.
C.H. Robinson Worldwide Company Profile
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 North American Surface Transportation and Global Forwarding segments. 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 that include the 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 offers door-to-door services.
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