C.H. Robinson Worldwide (NASDAQ:CHRW) Lowered to Hold Rating by Citigroup

Citigroup cut shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a strong-buy rating to a hold rating in a research report sent to investors on Friday morning,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group boosted their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $140.00 in a report on Friday, October 4th. Benchmark upped their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Evercore ISI boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $107.54 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $12.71 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. The stock has a 50-day moving average of $107.74 and a 200-day moving average of $97.31. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that C.H. Robinson Worldwide will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.31%. C.H. Robinson Worldwide’s payout ratio is presently 85.81%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CHRW. Tidal Investments LLC grew its position in C.H. Robinson Worldwide by 50.5% during the 3rd quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock worth $2,460,000 after acquiring an additional 7,482 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 144 shares during the last quarter. TCW Group Inc. grew its holdings in C.H. Robinson Worldwide by 12.7% during the 3rd quarter. TCW Group Inc. now owns 28,565 shares of the transportation company’s stock worth $3,153,000 after acquiring an additional 3,209 shares during the last quarter. Toronto Dominion Bank increased its position in C.H. Robinson Worldwide by 1.7% in the 3rd quarter. Toronto Dominion Bank now owns 57,910 shares of the transportation company’s stock valued at $6,392,000 after acquiring an additional 970 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of C.H. Robinson Worldwide by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock worth $341,555,000 after acquiring an additional 42,189 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.