C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Lowered to $111.00 at Raymond James

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective cut by Raymond James from $118.00 to $111.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

CHRW has been the topic of several other research reports. Citigroup decreased their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Benchmark reissued 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 target price on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Wells Fargo & Company decreased their price target on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Friday, January 31st. One investment 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. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.20.

C.H. Robinson Worldwide Trading Up 1.1 %

Shares of NASDAQ:CHRW opened at $91.26 on Friday. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a market cap of $10.79 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The stock has a 50 day moving average of $97.96 and a 200 day moving average of $103.57. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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%. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction dated 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 directly owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. National Pension Service purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. NBC Securities Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at $27,000. First Financial Corp IN purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at $31,000. Proficio Capital Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $33,000. Finally, Missouri Trust & Investment Co purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth $41,000. 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.