Jefferies Financial Group Lowers C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $100.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective trimmed by Jefferies Financial Group from $110.00 to $100.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on CHRW. Stephens reiterated an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Benchmark reissued a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. BMO Capital Markets increased their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $117.20.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $91.26 on Friday. The firm has a market cap of $10.79 billion, a P/E ratio of 23.70, a PEG ratio of 1.16 and a beta of 0.86. 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 has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The stock’s 50-day moving average is $97.96 and its two-hundred day moving average is $103.57.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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 34.53%. Analysts predict that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is 64.42%.

Insider Activity

In related news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction 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 sale, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $810,000. Northstar Advisory Group LLC bought a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $587,000. JPMorgan Chase & Co. increased its holdings in C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at $211,000. Finally, Contravisory Investment Management Inc. acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth $543,000. 93.15% of the stock is 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.