C.H. Robinson Worldwide, Inc. (CHRW) Earns Hold Rating from Oppenheimer Holdings, Inc.
Several other equities analysts have also commented on CHRW. BidaskClub raised C.H. Robinson Worldwide from a strong sell rating to a sell rating in a report on Wednesday, July 5th. Citigroup Inc lowered their target price on C.H. Robinson Worldwide from $80.00 to $73.00 and set a neutral rating for the company in a report on Thursday, July 13th. Stifel Nicolaus lowered their target price on C.H. Robinson Worldwide from $71.00 to $67.00 and set a hold rating for the company in a report on Thursday, July 20th. Bank of America Corporation lowered their target price on C.H. Robinson Worldwide from $70.00 to $60.00 and set an underperform rating for the company in a report on Thursday, July 20th. Finally, Barclays PLC reaffirmed a hold rating and set a $67.00 target price (down from $73.00) on shares of C.H. Robinson Worldwide in a report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $77.00.
C.H. Robinson Worldwide (NASDAQ CHRW) opened at $79.44 on Wednesday. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.76 and a beta of 0.44. The company has a current ratio of 1.24, a quick ratio of 1.27 and a debt-to-equity ratio of 0.55.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.03. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. equities research analysts forecast that C.H. Robinson Worldwide will post 3.3 EPS for the current year.
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In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total value of $82,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.85% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHRW. NEXT Financial Group Inc lifted its position in C.H. Robinson Worldwide by 7.8% in the second quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock worth $199,000 after purchasing an additional 209 shares during the period. Nicolet Bankshares Inc. acquired a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $202,000. Integrated Investment Consultants LLC lifted its position 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. acquired a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $205,000. Finally, Sawtooth Solutions LLC increased its holdings in shares of C.H. Robinson Worldwide by 2.5% in the second quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock valued at $208,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 89.17% of the company’s stock.
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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