CHRW
C.H. Robinson shares slide after $604 million jury verdict in Texas lawsuit
Article Summary
SELL- Robinson Worldwide (NASDAQ: CHRW) shares fell around 4% in premarket trading after a Texas jury issued an advisory verdict awarding $604 million in damages in a lawsuit stemming from a trucking accident.
- The logistics company said it disagrees with the jury's findings and expects to pursue an appeal if the advisory verdict is adopted by the court as a final judgment, indicating that post-trial proceedings must still take place before the legal process is completed.
- Robinson Worldwide, noted that the damages could ultimately be assessed against it, although the case remains subject to further judicial review before any final judgment is entered.
Free users see 3 BUY signals per day. Premium unlocks all of them, plus instant email alerts.
See Plans
Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -6.7% | 25% | 0.0 ptsDeclining (-6.7%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 17.1% | 25% | 50.0 ptsMeets Minimum (17.1%) - Passes screener |
| Target Price Upside ? | 6.7% | 20% | 35.0 ptsBelow Screener (6.7%) - Target: $206.08 vs Current: $193.12 |
| Gross Margin % ? | 8.3% | 15% | 10.0 ptsRazor-Thin (8.3%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -8.2% | 15% | 20.0 ptsBarely a Dip (-8.2%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About CHRW
- C.H. Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation and related logistics and supply chain services in the United States and internationally.
- It operates in two segments, North American Surface Transportation and Global Forwarding.
- The company offers transportation and logistics services, such as truckload; less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes indirect air carrier and freight forwarder providing door-to-door services.
- It also provides customs brokerage services; and other logistics services, such as fee-based managed, warehousing, supply chain consulting and optimization services, and other services.
- In addition, the company is involved in the buying, selling, and/or marketing of fresh fruits, vegetables, and other value-added perishable items under the Robinson Fresh trade name.
- Further, the company offers transportation management and other surface transportation services.
- It provides fresh produce to grocery retailers, restaurants, produce wholesalers.
- C.H. Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Eden Prairie, Minnesota.