C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a report released on Thursday, January 4th, MarketBeat reports.
A number of other brokerages have also recently issued reports on CHRW. Cowen raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $68.00 to $87.00 in a report on Monday, October 16th. Goldman Sachs Group assumed coverage on shares of C.H. Robinson Worldwide in a research report on Monday, November 13th. They set a “neutral” rating and a $78.00 price target for the company. Credit Suisse Group boosted their price target on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Tuesday, December 26th. Finally, Barclays boosted their price target on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $78.18.
C.H. Robinson Worldwide (CHRW) traded up $2.48 during trading hours on Thursday, hitting $93.92. 1,060,300 shares of the company were exchanged, compared to its average volume of 1,229,425. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $13,140.00, a PE ratio of 28.04, a PEG ratio of 2.77 and a beta of 0.48. C.H. Robinson Worldwide has a 52 week low of $63.41 and a 52 week high of $94.00.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. C.H. Robinson Worldwide’s revenue was up 12.8% on a year-over-year basis. sell-side analysts anticipate that C.H. Robinson Worldwide will post 3.34 EPS for the current year.
In related news, SVP James Lemke sold 15,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $79.98, for a total value of $1,199,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jordan T. Kass sold 1,738 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $78.75, for a total transaction of $136,867.50. Following the completion of the transaction, the insider now directly owns 24,348 shares of the company’s stock, valued at $1,917,405. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,903 shares of company stock valued at $1,854,925. Insiders own 0.85% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Nicolet Bankshares Inc. purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $202,000. Integrated Investment Consultants LLC grew its holdings in C.H. Robinson Worldwide by 39.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock worth $204,000 after purchasing an additional 750 shares during the period. Fox Run Management L.L.C. purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $205,000. Conning Inc. purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $213,000. Finally, Zions Bancorporation purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $223,000. 94.22% of the stock is owned by institutional investors.
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About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
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