Susquehanna Cuts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $117.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target reduced by Susquehanna from $127.00 to $117.00 in a research report released on Wednesday, Marketbeat.com reports. Susquehanna currently has a positive rating on the transportation company’s stock.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Benchmark restated a “buy” rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Bank of America cut their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Stephens reaffirmed an “equal weight” rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Finally, Stifel Nicolaus raised shares of 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 report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $118.89.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $101.13 on Wednesday. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The company’s fifty day moving average price is $100.58 and its 200-day moving average price is $104.37. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate 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, equities research analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.45%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock valued at $1,513,656 over the last quarter. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds have recently made changes to their positions in the business. National Pension Service bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $25,000. Proficio Capital Partners LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $33,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at $41,000. Mainstream Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $41,000. Finally, Quarry LP grew its stake in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.