UBS upgraded shares of C. H. Robinson (NASDAQ:CHRW) from a neutral rating to a buy rating in a research report report published on Monday morning, www.benzinga.com reports. UBS currently has $110.00 target price on the transportation company’s stock.
Other equities research analysts also recently issued research reports about the company. Cleveland Research raised C. H. Robinson from a neutral rating to a buy rating in a report on Friday, January 26th. KeyCorp reaffirmed an overweight rating on shares of C. H. Robinson in a report on Wednesday, January 24th. Cowen reaffirmed an outperform rating and issued a $103.00 target price (up previously from $88.00) on shares of C. H. Robinson in a report on Wednesday, January 31st. Robert W. Baird reaffirmed a hold rating and issued a $95.00 target price on shares of C. H. Robinson in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised C. H. Robinson from a hold rating to a buy rating and set a $103.00 target price on the stock in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $84.76.
Shares of CHRW stock opened at $97.62 on Monday. The firm has a market capitalization of $13,143.39, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.34 and a beta of 0.41. C. H. Robinson has a fifty-two week low of $63.41 and a fifty-two week high of $100.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.26 and a current ratio of 1.26.
C. H. Robinson (NASDAQ:CHRW) last issued its earnings results on Tuesday, January 30th. The transportation company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.14. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.69 billion. C. H. Robinson had a return on equity of 36.28% and a net margin of 3.40%. analysts forecast that C. H. Robinson will post 4.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 2nd were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, March 1st. C. H. Robinson’s payout ratio is 52.87%.
In related news, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of the firm’s 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 of the company’s stock, valued at approximately $1,345,932.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Wiehoff sold 13,946 shares of the firm’s 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. Insiders sold a total of 29,248 shares of company stock valued at $2,704,578 over the last quarter. 0.97% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new position in C. H. Robinson during the 4th quarter worth $138,000. Captrust Financial Advisors bought a new position in C. H. Robinson during the 4th quarter worth $177,000. Independence Bank of Kentucky bought a new position in C. H. Robinson during the 4th quarter worth $186,000. Private Advisor Group LLC bought a new position in C. H. Robinson during the 4th quarter worth $204,000. Finally, Advisor Partners LLC bought a new position in C. H. Robinson during the 4th quarter worth $222,000. 94.34% of the stock is owned by institutional investors and hedge funds.
C. H. Robinson 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 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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