C.H. Robinson Worldwide (NASDAQ:CHRW) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a buy rating to a hold rating in a research report released on Friday.

A number of other brokerages have also recently issued reports on CHRW. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Citigroup lowered their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 3rd. BMO Capital Markets upped their target price on 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. TD Cowen upped their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, Robert W. Baird increased their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $117.79.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $102.45 on Friday. 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 company has a market cap of $12.16 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.16 and a beta of 0.83. The business has a fifty day simple moving average of $101.67 and a 200 day simple moving average of $104.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results 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 return on equity of 34.53% and a net margin of 2.63%. On average, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.42%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the 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 owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock valued at $1,513,656 over the last 90 days. Company insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHRW. Private Advisor Group LLC bought a new position in C.H. Robinson Worldwide in the third quarter worth approximately $241,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of C.H. Robinson Worldwide by 1.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 17,777 shares of the transportation company’s stock valued at $1,962,000 after purchasing an additional 339 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 13.3% in the third quarter. Asset Management One Co. Ltd. now owns 45,583 shares of the transportation company’s stock valued at $5,031,000 after purchasing an additional 5,354 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after purchasing an additional 98 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2.6% in the third quarter. Portside Wealth Group LLC now owns 8,578 shares of the transportation company’s stock valued at $947,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

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.