CHRW (Follow-Up)
C.H.Robinson Worldwide Inc
Industrial/Transportation
09/20/2017
Presented
| Date | 09/05/2017 |
| Price | $71.79 |
| Market Cap | $10.16B |
| Ent Value | $10.79B |
| P/E Ratio | 21.11x |
| Book Value | $9.51 |
| Div Yield | 2.51% |
| Shares O/S | 141.59M |
| Ave Daily Vol | 1,734,522 |
| Short Int | 15.24% |
Current
| Price | $109.10 |
| Market Cap | $12.80B |
| C.H. Robinson Worldwide, Inc. provides freight transportation services and logistics solutions to companies. It is a multimodal transportation services and logistics solutions, operates through a network of branch offices in North America, Europe, Asia, South America, and the Middle East. C.H. Robinson Worldwide services include supply chain consulting and analysis, freight consolidation, core carrier program management and information reporting. The company's other services include sourcing services, contract Warehousing and fee-based information services. The Sourcing services business is primarily the buying, selling, and marketing of fresh produce. It develops proprietary brands of produce including The Fresh 1 and its world organics. The Information services is comprised of a C.H. Robinson subsidiary, T-Chek Systems, Inc. T-Chek is a business-to-business provider of spend management and payment processing services. The majority of T-Chek's customers are motor carriers and truck stop chains. T-Chek's platform supports open and closed loop networks that facilitate a variety of funds transfer, vendor payments, fuel purchasing, and online expense management. It also provides Transportation and Logistics Services. C.H. Robinson Worldwide was founded by Charles Henry Robinson in 1905 and is headquartered in Eden Prairie, MN. |
Please note, this is an update to CHRW - Short, which was originally presented on 3/16/2017 at $78.21.
Related Notes:
Short CHRW — 7/05/2017
How Far Away is Uberfication for Trucking?
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Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), CH Robinson Worldwide Inc (CHRW), Heartland Express Inc (HTLD), Knight Transportation (KNX), Werner Enterprises Inc (WERN)
Highlights
The presenter remains short shares of CH Robinson (CHRW), stating that structural pressures on the trucking brokerage industry, particularly from new entrants like Convoy and initiatives by Amazon and Uber, persist. He sees some short-term upside for CHRW due to Hurricane Harvey dynamics and seasonality, but thinks the long-term outlook remains challenged and he is committed to his sub-$60 price target in two years’ time.
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