Morgan Stanley Cuts C. H. Robinson (CHRW) Price Target to $68.00

C. H. Robinson (NASDAQ:CHRW) had its price target decreased by Morgan Stanley from $70.00 to $68.00 in a research report report published on Friday. Morgan Stanley currently has an underweight rating on the transportation company’s stock.

CHRW has been the subject of several other reports. BidaskClub upgraded shares of C. H. Robinson from a buy rating to a strong-buy rating in a report on Thursday, March 22nd. Zacks Investment Research lowered shares of C. H. Robinson from a buy rating to a hold rating in a report on Monday, January 8th. Citigroup upgraded shares of C. H. Robinson from a neutral rating to a buy rating in a report on Thursday, January 4th. Credit Suisse Group upgraded shares of C. H. Robinson to a hold rating and set a $85.00 price objective for the company in a report on Wednesday, January 17th. Finally, ValuEngine upgraded shares of C. H. Robinson from a hold rating to a buy rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $82.41.

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NASDAQ CHRW opened at $90.48 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $12,699.25, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.41. C. H. Robinson has a 1 year low of $63.41 and a 1 year high of $100.18.

C. H. Robinson (NASDAQ:CHRW) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.14. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.69 billion. C. H. Robinson had a return on equity of 36.28% and a net margin of 3.40%. analysts anticipate that C. H. Robinson will post 4.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 2nd were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 2.03%. C. H. Robinson’s payout ratio is 52.87%.

In other news, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of C. H. Robinson stock in a transaction that occurred on Monday, February 26th. The shares were 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 directly owns 14,323 shares in the company, valued at $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 Chris Obrien sold 3,909 shares of C. H. Robinson stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $90.85, for a total transaction of $355,132.65. Following the transaction, the insider now owns 23,149 shares of the company’s stock, valued at $2,103,086.65. The disclosure for this sale can be found here. Insiders have sold 29,248 shares of company stock valued at $2,704,578 over the last quarter. Company insiders own 0.97% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CHRW. Wolverine Asset Management LLC purchased a new position in C. H. Robinson in the 4th quarter worth approximately $138,000. Captrust Financial Advisors purchased a new position in C. H. Robinson in the 4th quarter worth approximately $177,000. Independence Bank of Kentucky purchased a new position in C. H. Robinson in the 4th quarter worth approximately $186,000. Private Advisor Group LLC purchased a new position in C. H. Robinson in the 4th quarter worth approximately $204,000. Finally, Personal Capital Advisors Corp purchased a new position in C. H. Robinson in the 4th quarter worth approximately $213,000. Institutional investors own 94.08% of the company’s stock.

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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.

Analyst Recommendations for C. H. Robinson (NASDAQ:CHRW)

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