C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Cut to $122.00 by Analysts at Bank of America

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target reduced by Bank of America from $130.00 to $122.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities analysts have also recently commented on the stock. TD Cowen boosted their target price 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. Stifel Nicolaus upped their target price on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stephens reaffirmed an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday. Finally, Susquehanna decreased their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $116.50.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $100.44 on Thursday. The firm has a market cap of $11.87 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The stock’s fifty day moving average price is $105.69 and its two-hundred day moving average price is $103.72. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. As a group, research analysts expect that C.H. Robinson Worldwide will post 4.39 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.47%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were 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 in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 0.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 45,984 shares of the transportation company’s stock worth $4,777,000 after buying an additional 401 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after acquiring an additional 3,004,338 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in C.H. Robinson Worldwide by 355.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 173,474 shares of the transportation company’s stock worth $17,830,000 after acquiring an additional 135,427 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter worth $52,000. Finally, Summit Trail Advisors LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $206,000. Institutional investors and hedge funds 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.