UBS upgraded shares of C. H. Robinson (NASDAQ:CHRW) from a neutral rating to a buy rating in a report published on Monday morning, www.benzinga.com reports. UBS currently has $110.00 target price on the transportation company’s stock.
Several other analysts also recently commented on CHRW. Zacks Investment Research upgraded C. H. Robinson from a hold rating to a buy rating and set a $99.00 target price for the company in a research note on Tuesday, December 26th. Citigroup upgraded C. H. Robinson from a neutral rating to a buy rating in a research note on Thursday, January 4th. Robert W. Baird restated a hold rating and issued a $90.00 target price on shares of C. H. Robinson in a research note on Tuesday, January 9th. Credit Suisse Group upgraded C. H. Robinson to a hold rating and set a $85.00 target price for the company in a research note on Wednesday, January 17th. Finally, BidaskClub downgraded C. H. Robinson from a strong-buy rating to a buy rating in a research note on Thursday, January 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $84.76.
Shares of C. H. Robinson stock opened at $97.62 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 1.26. C. H. Robinson has a 1-year low of $63.41 and a 1-year high of $100.18. The stock has a market cap of $13,143.39, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.34 and a beta of 0.41.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 2nd were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, March 1st. This represents a $1.84 dividend on an annualized basis and a yield of 1.88%. C. H. Robinson’s dividend payout ratio (DPR) is currently 52.87%.
In other C. H. Robinson news, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of C. H. Robinson 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 completion of the transaction, the insider now owns 14,323 shares in the company, valued at approximately $1,345,932.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Lemke sold 4,346 shares of C. H. Robinson stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $92.75, for a total value of $403,091.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,248 shares of company stock valued at $2,704,578 in the last quarter. Company insiders own 0.97% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of C. H. Robinson by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 174,272 shares of the transportation company’s stock worth $15,526,000 after buying an additional 4,302 shares in the last quarter. J. Goldman & Co LP bought a new position in shares of C. H. Robinson during the 4th quarter worth approximately $668,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of C. H. Robinson by 38.0% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,800 shares of the transportation company’s stock worth $873,000 after buying an additional 2,700 shares in the last quarter. Archford Capital Strategies LLC bought a new position in shares of C. H. Robinson during the 4th quarter worth approximately $389,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of C. H. Robinson during the 4th quarter worth approximately $3,843,000. 94.34% of the stock is currently owned by hedge funds and other institutional investors.
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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