C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Cut to $115.00 by Analysts at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lowered by Susquehanna from $120.00 to $115.00 in a report released on Friday morning, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other equities research analysts also recently issued reports on CHRW. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their price target for the company from $76.00 to $99.00 in a report on Monday, July 22nd. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Evercore ISI increased their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $103.53.

C.H. Robinson Worldwide Stock Down 1.2 %

Shares of C.H. Robinson Worldwide stock traded down $1.22 on Friday, reaching $101.82. 1,570,109 shares of the company were exchanged, compared to its average volume of 1,542,602. The company has a 50-day moving average of $105.72 and a 200 day moving average of $93.14. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $113.10. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 1.44 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 31.35%. C.H. Robinson Worldwide’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. On average, equities research analysts forecast that C.H. Robinson Worldwide will post 4.21 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a dividend of $0.62 per share. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.44%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the transaction, the insider now owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently added to or reduced their stakes in CHRW. Quent Capital LLC boosted its stake in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $49,000. Eastern Bank bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $55,000. 93.15% of the stock is currently 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.