C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Lowered to $127.00 at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price decreased by Susquehanna from $130.00 to $127.00 in a research report sent to investors on Thursday,Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

Several other analysts also recently issued reports on the stock. Evercore ISI boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Stephens reissued an “equal weight” rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday. Raymond James decreased their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday. Robert W. Baird upped their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.50.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $100.44 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $11.87 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. The stock has a fifty day moving average of $105.69 and a 200-day moving average of $103.72. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 35.64%. As a group, equities analysts anticipate that C.H. Robinson Worldwide will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $0.62 dividend. The ex-dividend date was Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after buying an additional 3,004,338 shares in the last quarter. FMR LLC boosted its stake in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after purchasing an additional 2,449,367 shares in the last quarter. Citigroup Inc. grew its holdings in shares of C.H. Robinson Worldwide by 137.8% in the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after purchasing an additional 249,774 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of C.H. Robinson Worldwide by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after purchasing an additional 153,654 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in C.H. Robinson Worldwide by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock valued at $436,648,000 after purchasing an additional 142,116 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through 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 air shipments and provides door-to-door services.