C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Cut to $124.00 by Analysts at Citigroup

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lowered by Citigroup from $130.00 to $124.00 in a research note published on Monday,Benzinga reports. Citigroup currently has a buy rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group upped their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Raymond James reduced their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Barclays lifted their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Friday. Finally, Stephens reiterated an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.17.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $98.10 on Monday. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a market capitalization of $11.60 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $105.33 and a 200-day simple moving average of $104.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Equities research analysts anticipate that C.H. Robinson Worldwide will post 4.81 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide 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 transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently added to or reduced their stakes in CHRW. Northwestern Mutual Wealth Management Co. boosted its holdings in C.H. Robinson Worldwide by 5.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,468 shares of the transportation company’s stock worth $834,000 after buying an additional 502 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth about $675,000. Czech National Bank grew its stake in C.H. Robinson Worldwide by 7.1% in the third quarter. Czech National Bank now owns 23,891 shares of the transportation company’s stock valued at $2,637,000 after purchasing an additional 1,578 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of C.H. Robinson Worldwide by 36.4% in the third quarter. Handelsbanken Fonder AB now owns 25,100 shares of the transportation company’s stock valued at $2,770,000 after buying an additional 6,700 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of C.H. Robinson Worldwide by 26.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,713 shares of the transportation company’s stock valued at $520,000 after purchasing an additional 991 shares during the period. 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.