Susquehanna Lowers C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $117.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price decreased by Susquehanna from $127.00 to $117.00 in a report published on Wednesday morning, MarketBeat reports. Susquehanna currently has a positive rating on the transportation company’s stock.

Several other research firms have also commented on CHRW. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They set a “buy” rating and a $129.00 price objective for the company. JPMorgan Chase & Co. reduced their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Stephens reissued an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Barclays boosted their target price on shares of 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. Finally, Raymond James reduced their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.89.

C.H. Robinson Worldwide Stock Down 0.5 %

Shares of C.H. Robinson Worldwide stock opened at $101.13 on Wednesday. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.16 and a beta of 0.83. The firm’s 50-day moving average is $100.58 and its two-hundred day moving average is $104.37. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $114.82.

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%. As a group, research analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,048 shares of company stock valued at $1,513,656. Corporate insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in C.H. Robinson Worldwide by 2.4% in the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 102 shares during the last quarter. Cascade Investment Advisors Inc. raised its position in shares of C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after buying an additional 105 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of C.H. Robinson Worldwide by 0.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company’s stock worth $1,483,000 after buying an additional 112 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after purchasing an additional 131 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after buying an additional 144 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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.