C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Lowered to $131.00 at JPMorgan Chase & Co.

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective cut by JPMorgan Chase & Co. from $133.00 to $131.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other analysts have also recently commented on the stock. BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Raymond James cut their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $116.50.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $100.44 on Thursday. The stock has a 50-day moving average price of $105.69 and a 200 day moving average price of $103.72. The stock has a market capitalization of $11.87 billion, a P/E ratio of 26.09, a P/E/G ratio of 0.89 and a beta of 0.83. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

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, beating 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 35.64%. Equities research analysts forecast that C.H. Robinson Worldwide will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % 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 Michael John Short sold 10,408 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the last quarter. Quarry LP lifted its holdings in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $41,000. Brooklyn Investment Group grew its stake in C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after buying an additional 316 shares during the last quarter. Finally, Eastern Bank acquired a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $54,000. Hedge funds and other 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.