Wells Fargo & Company Cuts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $125.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective reduced by Wells Fargo & Company from $130.00 to $125.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Friday, January 31st. Citigroup decreased their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Barclays raised their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Finally, Susquehanna reduced their target price on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.05.

C.H. Robinson Worldwide Stock Down 0.2 %

CHRW stock opened at $101.68 on Thursday. The firm has a market capitalization of $12.07 billion, a PE ratio of 26.41, a P/E/G ratio of 1.16 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. The stock’s 50 day moving average is $100.63 and its 200-day moving average is $104.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Sell-side analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.44%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,048 shares of company stock valued at $1,513,656. Corporate insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHRW. Cerity Partners LLC increased its position in shares of C.H. Robinson Worldwide by 39.8% in the third quarter. Cerity Partners LLC now owns 22,854 shares of the transportation company’s stock valued at $2,522,000 after acquiring an additional 6,507 shares during the period. Swedbank AB boosted its holdings in shares of C.H. Robinson Worldwide by 9.6% during the third quarter. Swedbank AB now owns 15,134 shares of the transportation company’s stock worth $1,670,000 after purchasing an additional 1,327 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 12.5% in the third quarter. Daiwa Securities Group Inc. now owns 14,414 shares of the transportation company’s stock worth $1,591,000 after purchasing an additional 1,602 shares during the last quarter. FMR LLC increased its holdings in C.H. Robinson Worldwide by 2,259.1% during 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 during the period. Finally, D.A. Davidson & CO. raised its position in C.H. Robinson Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

About C.H. Robinson Worldwide

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.