C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “C.H. Robinson's growth-by-acquisition policy is a positive, as it has expanded its product portfolio significantly. We are also impressed by the company's efforts to reward shareholders in the form of dividends and share buybacks. Such shareholder-friendly moves underline the company's bright prospects and strong financial conditions. Improvement in operating ratio is an added positive. The lesser the value of operating ratio the better, as it implies that more cash is available to the company to reward shareholders through dividends/buybacks. Owing to these tailwinds, shares of the company have outperformed its industry in a year's time. On the flip side, high costs and capital expenditures undertaken by the company tend to limit bottom-line growth. The company's high debt levels are also concerning.”
CHRW has been the subject of a number of other reports. BidaskClub downgraded C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Credit Suisse Group boosted their price target on C.H. Robinson Worldwide from $82.00 to $86.00 and gave the company an “underperform” rating in a report on Thursday, August 2nd. KeyCorp boosted their price target on C.H. Robinson Worldwide from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 2nd. Cleveland Research reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a report on Friday, October 19th. Finally, Morgan Stanley set a $67.00 price target on C.H. Robinson Worldwide and gave the company a “sell” rating in a report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $96.87.
Shares of NASDAQ CHRW traded up $0.50 during trading on Monday, reaching $89.73. The stock had a trading volume of 17,554 shares, compared to its average volume of 1,157,545. C.H. Robinson Worldwide has a one year low of $77.90 and a one year high of $101.20. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.52.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.08. C.H. Robinson Worldwide had a return on equity of 41.22% and a net margin of 3.83%. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities analysts predict that C.H. Robinson Worldwide will post 4.57 earnings per share for the current year.
In related news, insider Ben G. Campbell sold 4,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $100.00, for a total transaction of $400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in C.H. Robinson Worldwide by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 16,437,440 shares of the transportation company’s stock worth $1,609,555,000 after buying an additional 491,114 shares during the last quarter. BlackRock Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.6% in the third quarter. BlackRock Inc. now owns 11,359,614 shares of the transportation company’s stock worth $1,112,336,000 after purchasing an additional 62,958 shares in the last quarter. Bank of America Corp DE grew its stake in shares of C.H. Robinson Worldwide by 10.8% in the second quarter. Bank of America Corp DE now owns 6,253,343 shares of the transportation company’s stock worth $523,154,000 after purchasing an additional 607,678 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of C.H. Robinson Worldwide by 0.6% in the third quarter. Baillie Gifford & Co. now owns 5,109,844 shares of the transportation company’s stock worth $500,356,000 after purchasing an additional 29,720 shares in the last quarter. Finally, FMR LLC grew its stake in shares of C.H. Robinson Worldwide by 42.0% in the third quarter. FMR LLC now owns 4,178,198 shares of the transportation company’s stock worth $409,129,000 after purchasing an additional 1,235,725 shares in the last quarter. Hedge funds and other institutional investors own 88.22% of the company’s stock.
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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