C. H. Robinson (NASDAQ:CHRW) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, July 26th, Marketbeat.com reports. The brokerage presently has a $72.00 price target on the transportation company’s stock, up from their previous price target of $70.00. BMO Capital Markets’ target price points to a potential downside of 23.62% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other equities analysts have also issued reports on the company. Vertical Research raised C. H. Robinson from a “sell” rating to a “hold” rating and set a $76.00 target price on the stock in a research note on Friday, May 5th. Deutsche Bank decreased their target price on C. H. Robinson from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Credit Suisse Group reissued a “sell” rating and set a $75.00 target price on shares of C. H. Robinson in a research note on Thursday, April 27th. Bank of America decreased their target price on C. H. Robinson from $70.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, July 20th. Finally, Barclays reissued a “hold” rating and set a $73.00 target price on shares of C. H. Robinson in a research note on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $82.71.
Shares of C. H. Robinson stock traded down $1.14 during trading hours on Wednesday, hitting $94.27. The company’s stock had a trading volume of 1,290,330 shares, compared to its average volume of 1,170,051. C. H. Robinson has a twelve month low of $63.41 and a twelve month high of $100.18. The firm has a market cap of $13,302.33, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.37 and a beta of 0.41. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.53.
In other C. H. Robinson news, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $93.97, for a total value of $662,206.59. Following the sale, the insider now owns 14,323 shares of the company’s stock, valued at approximately $1,345,932.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Lemke sold 4,346 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $92.75, for a total value of $403,091.50. The disclosure for this sale can be found here. Insiders sold a total of 29,248 shares of company stock worth $2,704,578 in the last ninety days. 0.97% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CHRW. Dimensional Fund Advisors LP increased its holdings in shares of C. H. Robinson by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 451,238 shares of the transportation company’s stock valued at $33,059,000 after acquiring an additional 8,385 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in C. H. Robinson by 4.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 4,910 shares of the transportation company’s stock worth $360,000 after buying an additional 220 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in C. H. Robinson during the 4th quarter worth approximately $483,000. Teachers Advisors LLC grew its stake in C. H. Robinson by 0.4% during the 4th quarter. Teachers Advisors LLC now owns 160,213 shares of the transportation company’s stock worth $11,737,000 after buying an additional 668 shares during the last quarter. Finally, Kentucky Retirement Systems purchased a new position in C. H. Robinson during the 4th quarter worth approximately $753,000. Institutional investors and hedge funds own 94.08% of the company’s stock.
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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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