C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat reports.
CHRW has been the topic of a number of other research reports. Oppenheimer reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Wednesday, November 1st. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price target for the company from $70.00 to $86.00 in a report on Tuesday, October 10th. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. KeyCorp reaffirmed a “buy” rating and issued a $85.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 12th. Finally, Credit Suisse Group reaffirmed a “sell” rating and issued a $68.00 price target (up previously from $63.00) on shares of C.H. Robinson Worldwide in a report on Thursday, October 12th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $77.44.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded down $0.15 during mid-day trading on Thursday, reaching $89.57. 860,045 shares of the company were exchanged, compared to its average volume of 1,162,729. The stock has a market capitalization of $12,513.38, a P/E ratio of 26.74, a P/E/G ratio of 2.76 and a beta of 0.48. C.H. Robinson Worldwide has a 52-week low of $63.41 and a 52-week high of $90.67. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.55.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. analysts predict that C.H. Robinson Worldwide will post 3.34 earnings per share for the current year.
In related news, VP Angela K. Freeman sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $80.64, for a total transaction of $104,832.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Ben G. Campbell sold 4,865 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $85.00, for a total transaction of $413,525.00. Following the transaction, the vice president now directly owns 29,837 shares in the company, valued at approximately $2,536,145. The disclosure for this sale can be found here. Insiders sold 22,903 shares of company stock worth $1,854,925 in the last ninety days. Insiders own 0.85% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CHRW. Nicolet Bankshares Inc. purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $202,000. Integrated Investment Consultants LLC lifted its stake in shares of C.H. Robinson Worldwide by 39.0% during the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock valued at $204,000 after buying an additional 750 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $205,000. MML Investors Services LLC lifted its stake in shares of C.H. Robinson Worldwide by 10.2% during the second quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock valued at $208,000 after buying an additional 280 shares during the period. Finally, Conning Inc. purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $213,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.
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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.