C. H. Robinson (CHRW) Stock Rating Lowered by BidaskClub
C. H. Robinson (NASDAQ:CHRW) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other equities analysts also recently issued reports on the company. UBS upgraded C. H. Robinson from a “neutral” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Monday, April 16th. Robert W. Baird restated a “hold” rating and issued a $100.00 price target on shares of C. H. Robinson in a research note on Tuesday, April 10th. Morgan Stanley dropped their price target on C. H. Robinson from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Friday, April 6th. Zacks Investment Research downgraded C. H. Robinson from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, ValuEngine upgraded C. H. Robinson from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $84.76.
Shares of CHRW opened at $93.68 on Friday. The firm has a market cap of $13,061.15, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.33 and a beta of 0.41. C. H. Robinson has a 12 month low of $63.41 and a 12 month high of $100.18. The company has a current ratio of 1.26, a quick 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 firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $93.97, for a total transaction of $662,206.59. Following the sale, the insider now directly owns 14,323 shares of the company’s stock, valued at $1,345,932.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John Wiehoff sold 13,946 shares of C. H. Robinson stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $92.08, for a total value of $1,284,147.68. The disclosure for this sale can be found here. Insiders have sold 29,248 shares of company stock worth $2,704,578 over the last quarter. 0.97% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of CHRW. The Manufacturers Life Insurance Company increased its holdings in shares of C. H. Robinson by 603.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,486,481 shares of the transportation company’s stock worth $132,430,000 after purchasing an additional 1,275,215 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of C. H. Robinson by 140.1% in the fourth quarter. TIAA CREF Investment Management LLC now owns 652,775 shares of the transportation company’s stock worth $58,156,000 after purchasing an additional 380,900 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of C. H. Robinson in the fourth quarter worth about $25,483,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of C. H. Robinson in the fourth quarter worth about $24,488,000. Finally, Swiss National Bank increased its holdings in shares of C. H. Robinson by 34.1% in the fourth quarter. Swiss National Bank now owns 909,628 shares of the transportation company’s stock worth $81,039,000 after purchasing an additional 231,300 shares during the last quarter. 94.34% of the stock is currently owned by hedge funds and other institutional investors.
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About C. H. Robinson
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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