C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Cut to $215.00 by Analysts at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target reduced by Susquehanna from $220.00 to $215.00 in a report issued on Wednesday,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

A number of other equities research analysts have also recently commented on CHRW. Wolfe Research reaffirmed an “outperform” rating and issued a $188.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Loop Capital set a $206.00 price target on shares of C.H. Robinson Worldwide in a report on Monday, February 2nd. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. boosted their target price on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Finally, UBS Group set a $160.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $186.22.

C.H. Robinson Worldwide Trading Down 0.7%

NASDAQ:CHRW opened at $182.35 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $21.49 billion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The firm’s 50 day moving average is $174.96 and its 200 day moving average is $164.76. C.H. Robinson Worldwide has a 12 month low of $86.58 and a 12 month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. C.H. Robinson Worldwide’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. Sell-side analysts expect that C.H. Robinson Worldwide will post 5.98 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Insider Activity

In other news, insider Arun Rajan purchased 605 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The stock was purchased at an average cost of $167.11 per share, for a total transaction of $101,101.55. Following the transaction, the insider directly owned 133,656 shares of the company’s stock, valued at approximately $22,335,254.16. This trade represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David P. Bozeman purchased 1,223 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The shares were purchased at an average price of $163.34 per share, with a total value of $199,764.82. Following the completion of the transaction, the chief executive officer directly owned 190,600 shares in the company, valued at approximately $31,132,604. This represents a 0.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 2,422 shares of company stock worth $400,801 and sold 17,796 shares worth $3,555,415. Company insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in C.H. Robinson Worldwide in the third quarter worth $27,000. DV Equities LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the second quarter worth $30,000. Finally, Clearstead Advisors LLC grew its position in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.