Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) gapped down prior to trading on Wednesday after Credit Suisse Group lowered their price target on the stock from $97.00 to $93.00. The stock had previously closed at $90.28, but opened at $87.61. Credit Suisse Group currently has an underperform rating on the stock. C.H. Robinson Worldwide shares last traded at $89.61, with a volume of 7,700 shares traded.
Several other equities analysts have also issued reports on CHRW. StockNews.com began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Exane BNP Paribas began coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 30th. They issued an “outperform” rating and a $128.00 price objective on the stock. Bank of America downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $104.00 to $95.00 in a research report on Wednesday. BNP Paribas assumed coverage on C.H. Robinson Worldwide in a research note on Wednesday, November 30th. They set an “outperform” rating and a $128.00 price target on the stock. Finally, Barclays dropped their price target on C.H. Robinson Worldwide from $100.00 to $96.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 13th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average target price of $106.92.
Insider Buying and Selling
In related news, insider Jordan T. Kass sold 5,276 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $97.73, for a total transaction of $515,623.48. Following the transaction, the insider now owns 45,603 shares in the company, valued at $4,456,781.19. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.64% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On C.H. Robinson Worldwide
A number of institutional investors and hedge funds have recently made changes to their positions in CHRW. Vision Capital Management Inc. increased its stake in C.H. Robinson Worldwide by 0.6% during the third quarter. Vision Capital Management Inc. now owns 17,291 shares of the transportation company’s stock worth $1,665,000 after purchasing an additional 107 shares during the period. Nisa Investment Advisors LLC increased its holdings in C.H. Robinson Worldwide by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,397 shares of the transportation company’s stock worth $1,483,000 after purchasing an additional 115 shares during the period. First Republic Investment Management Inc. increased its holdings in C.H. Robinson Worldwide by 0.8% during the 1st quarter. First Republic Investment Management Inc. now owns 15,472 shares of the transportation company’s stock worth $1,666,000 after purchasing an additional 116 shares during the period. Kestra Private Wealth Services LLC increased its holdings in C.H. Robinson Worldwide by 0.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 21,891 shares of the transportation company’s stock worth $2,358,000 after purchasing an additional 119 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in C.H. Robinson Worldwide by 1.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,690 shares of the transportation company’s stock worth $1,084,000 after purchasing an additional 121 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.
C.H. Robinson Worldwide Trading Down 0.5 %
The company has a fifty day simple moving average of $94.92 and a two-hundred day simple moving average of $101.26. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The company has a market cap of $10.58 billion, a PE ratio of 10.96, a P/E/G ratio of 1.81 and a beta of 0.76.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The transportation company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.37). C.H. Robinson Worldwide had a net margin of 4.11% and a return on equity of 54.77%. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 7.87 EPS for the current year.
C.H. Robinson Worldwide Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 2nd were issued a dividend of $0.61 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $2.44 annualized dividend and a dividend yield of 2.72%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 29.61%.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.