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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective cut by Susquehanna from $127.00 to $117.00 in a research report report published on Wednesday morning, MarketBeat Ratings reports. They currently have a positive rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. Citigroup dropped their target price on shares of 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. Robert W. Baird increased their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Raymond James lowered their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $118.00 to $130.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.15.

C.H. Robinson Worldwide Trading Up 1.9 %

CHRW stock opened at $101.88 on Wednesday. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The business’s 50-day moving average is $100.65 and its 200 day moving average is $104.39. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly 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 anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Insiders Place Their Bets

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 shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares of the company’s stock, valued at approximately $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 worth $1,513,656 over the last three months. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently bought and sold shares of CHRW. Vanguard Group Inc. raised its holdings in C.H. Robinson Worldwide by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock valued at $1,501,774,000 after acquiring an additional 251,943 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock valued at $428,554,000 after purchasing an additional 191,611 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock valued at $326,549,000 after purchasing an additional 64,019 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of C.H. Robinson Worldwide by 25.7% during the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after purchasing an additional 593,211 shares in the last quarter. Institutional investors and hedge funds 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.