CH Robinson in the world (NASDAQ: CHRW) was upgraded by Wolfe Research from a “market performance” rating to an “outperformance” rating in a research report released Thursday, The Fly reports.
CHRW has been the subject of a number of other research reports. Robert W. Baird reiterated a “conservation” note on the actions of CH Robinson Worldwide in a research note on Thursday, October 28. Vertical Research upgraded CH Robinson Worldwide’s shares from a “hold†rating to a “buy†rating in a research note on Monday, October 11. Evercore ISI began covering shares of CH Robinson Worldwide in a research note on Monday, September 13. They set an “inline” rating and a price target of $ 95.00 on the share. BMO Capital Markets raised its price target for CH Robinson Worldwide shares from $ 100.00 to $ 105, and assigned the company a “market performance” rating in a research note on Wednesday, October 27. Finally, Zacks Investment Research downgraded CH Robinson Worldwide shares from a “buy†rating to a “hold†rating and set a target price of $ 113.00 for the stock. in a research note Tuesday. Three analysts gave the stock a sell rating, six assigned a conservation rating, and five gave the company’s stock a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold†and a consensus target price of $ 97.55.
NASDAQ: CHRW shares opened at $ 109.66 on Thursday. The company’s 50-day moving average is $ 99.35 and its two-hundred-day moving average is $ 94.23. CH Robinson Worldwide has a 52 week low of $ 84.67 and a 52 week high of $ 111.99. The company has a market cap of $ 14.25 billion, a P / E ratio of 19.41, a PEG ratio of 1.89 and a beta of 0.75. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt ratio of 0.56.
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CH Robinson Worldwide (NASDAQ: CHRW) last reported its quarterly results on Tuesday, October 26. The transportation company reported EPS of $ 1.85 for the quarter, beating the consensus estimate of $ 1.42 by $ 0.43. CH Robinson Worldwide had a net margin of 3.60% and a return on equity of 40.08%. The company posted revenue of $ 6.26 billion for the quarter, compared to $ 5.48 billion according to analysts’ estimates. In the same quarter of last year, the company made earnings per share of $ 1.00. CH Robinson Worldwide revenue increased 48.3% compared to the same quarter last year. Analysts predict that CH Robinson Worldwide will post 6.31 EPS for the current year.
In related news, insider Chris Obrien sold 9,302 shares of the company in a trade that took place on Monday, November 8. The shares were sold for an average price of $ 94.32, for a total value of $ 877,364.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through this link. Additionally, insider Ben G. Campbell sold 19,776 shares of the company in a trade that took place on Tuesday, December 7th. The stock was sold at an average price of $ 100.00, for a total trade of $ 1,977,600.00. Disclosure of this sale can be found here. Insiders have sold a total of 58,154 shares of the company valued at $ 5,759,753 in the past ninety days. Company insiders own 0.95% of the company’s shares.
Hedge funds have recently increased or reduced their stakes in the company. Koshinski Asset Management Inc. acquired a new stake in CH Robinson Worldwide in the 3rd quarter for a value of approximately $ 61,000. Jacobi Capital Management LLC strengthened its position in CH Robinson Worldwide by 18.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 719 shares of the transportation company valued at $ 67,000 after purchasing 114 additional shares in the last quarter. True Link Financial Advisors LLC purchased a new stake in CH Robinson Worldwide during the third quarter valued at approximately $ 78,000. Moors & Cabot Inc. purchased a new stake in CH Robinson Worldwide during the third quarter valued at approximately $ 91,000. Finally, Berman Capital Advisors LLC increased its position in CH Robinson Worldwide by 213.4% in the 3rd quarter. Berman Capital Advisors LLC now owns 1,260 shares of the transportation company valued at $ 108,000 after purchasing an additional 858 shares in the last quarter. Institutional investors hold 90.54% of the shares of the company.
About CH Robinson around the world
CH Robinson Worldwide, Inc is committed to providing freight transportation services and logistics solutions. It operates through the following three segments: Surface Transportation in North America and Global Forwarding. The North America Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada and Mexico.
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