C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price increased by KeyCorp from $100.00 to $105.00 in a research report issued to clients and investors on Thursday, August 2nd. The firm currently has an “overweight” rating on the transportation company’s stock. KeyCorp’s target price would indicate a potential upside of 10.64% from the company’s previous close.
Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and set a $71.00 price target on the stock in a research note on Wednesday, July 11th. BidaskClub upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Monday, April 16th. Susquehanna Bancshares upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating in a research note on Friday, July 13th. Finally, ValuEngine upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $93.50.
C.H. Robinson Worldwide traded up $0.15, reaching $94.90, on Thursday, according to MarketBeat.com. 925,820 shares of the stock traded hands, compared to its average volume of 1,243,913. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $13.13 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. C.H. Robinson Worldwide has a 12 month low of $65.57 and a 12 month high of $100.18.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.07. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.18 billion. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. C.H. Robinson Worldwide’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. research analysts expect that C.H. Robinson Worldwide will post 4.45 earnings per share for the current year.
C.H. Robinson Worldwide announced that its board has approved a stock repurchase plan on Thursday, May 10th that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
In related news, insider Michael John Short sold 4,527 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $96.12, for a total value of $435,135.24. Following the completion of the sale, the insider now owns 14,717 shares of the company’s stock, valued at $1,414,598.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael W. Neill sold 452 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $96.10, for a total value of $43,437.20. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Natixis purchased a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $11,256,000. IBM Retirement Fund purchased a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $286,000. Dupont Capital Management Corp boosted its holdings in C.H. Robinson Worldwide by 548.9% in the 1st quarter. Dupont Capital Management Corp now owns 32,934 shares of the transportation company’s stock valued at $3,086,000 after purchasing an additional 27,859 shares in the last quarter. Avalon Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 36.0% in the 1st quarter. Avalon Advisors LLC now owns 186,390 shares of the transportation company’s stock valued at $17,466,000 after purchasing an additional 49,365 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in C.H. Robinson Worldwide by 63.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 5,999 shares of the transportation company’s stock valued at $502,000 after purchasing an additional 2,323 shares in the last quarter. 90.70% of the stock is owned by hedge funds and other institutional investors.
About C.H. Robinson Worldwide
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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