The brokerage now has an underperform rating on the transportation company's stock.
Other analysts have also recently issued research reports about the stock. (The) began coverage on shares of C.H. Robinson Worldwide, Inc. Pacer Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 7.2% in the second quarter. Finally, Barclays PLC reissued a "hold" rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, January 10th. Cowen and Company raised their price target on shares of C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an outperform rating in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a "hold" rating to a "sell" rating in a research note on Friday, November 4th.
In the market the company is trading unchanged since yesterday's close of 80.36. Capital International Investors now owns 8,678,462 shares of the transportation company's stock worth $596,037,000 after acquiring an additional 469,829 shares in the last quarter. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.27 and a current ratio of 1.24. The transportation company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.65 billion. Baillie Gifford & Co. now owns 5,184,766 shares of the transportation company's stock worth $394,561,000 after acquiring an additional 68,050 shares in the last quarter. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. analysts anticipate that C.H. Robinson Worldwide will post 3.32 earnings per share for the current fiscal year.
WARNING: This report was originally reported by Week Herald and is the property of of Week Herald. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & worldwide trademark and copyright law. The original version of this report can be read at https://weekherald.com/2017/11/14/c-h-robinson-worldwide-inc-chrw-receives-new-coverage-from-analysts-at-goldman-sachs-group-inc-the.html. The total value of its holdings increased 81.0%. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
In related news, VP Angela K. Freeman sold 1,200 shares of the firm's stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $78.75, for a total value of $136,867.50. The disclosure for this sale can be found here. With short interest at 19,149,602 and short average daily volume at 1,640,951, the short-interest ratio is 12.0 and the percentage of shorted shares is 0.14% as of October 13.
Several large investors have recently modified their holdings of the stock. Credit Suisse Group AG increased their target price on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the company an "underperform" rating in a research report on Thursday, November 2nd. American International Group Inc augmented its ownership by buying 165,075 shares an increase of 276.0% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp controls 537,264 shares with a value of $40,883,000. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 34.2% in the second quarter. The value of the investment in (CHRW) went from $54,513,000 to $71,588,000 a change of $17,075,000 since the last quarter. Toronto Dominion Bank grew its holdings in shares of C.H. Robinson Worldwide by 25.1% during the 2nd quarter. The firm owned 678,328 shares of the transportation company's stock after purchasing an additional 5,300 shares during the quarter. Finally, MSI Financial Services Inc raised its stake in shares of C.H. Robinson Worldwide by 122.7% in the third quarter. Lincoln Capital LLC now owns 10,085 shares of the transportation company's stock worth $693,000 after acquiring an additional 49 shares during the last quarter.
Here are a few institutional investors who have updated their positions. The Company's segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.