C.H. Robinson Worldwide (NASDAQ:CHRW) Downgraded by StockNews.com to Hold

StockNews.com cut shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a buy rating to a hold rating in a research note released on Friday morning.

A number of other research firms also recently weighed in on CHRW. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Friday, January 31st. TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Citigroup cut their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. Finally, Barclays raised their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.79.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $102.45 on Friday. The firm has a market cap of $12.16 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.16 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 stock has a 50-day moving average price of $101.69 and a 200-day moving average price of $104.64. 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 earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping 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, equities research analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.42%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the business. Menard Financial Group LLC purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth about $91,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $6,747,000. Azzad Asset Management Inc. ADV grew its holdings in shares of C.H. Robinson Worldwide by 1.9% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 26,403 shares of the transportation company’s stock worth $2,728,000 after purchasing an additional 491 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth approximately $83,000. Finally, XY Planning Network Inc. purchased a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $351,000. 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.