C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Cut to $119.00 by Analysts at Bank of America

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target trimmed by Bank of America from $122.00 to $119.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research firms have also commented on CHRW. Stephens reissued an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Susquehanna decreased their price target on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating for the company in a research report on Wednesday. Robert W. Baird upped their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Finally, Benchmark reissued a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $118.89.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $101.13 on Friday. The stock has a market capitalization of $12.00 billion, a P/E ratio of 26.27, a PEG ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The company has a 50 day moving average price of $100.58 and a 200 day moving average price of $104.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping the consensus estimate 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 forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide 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 transaction, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $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. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 over the last ninety days. Insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

A number of large investors have recently bought and sold shares of the business. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $25,000. Proficio Capital Partners LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $33,000. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $41,000. Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $41,000. Finally, Quarry LP grew its stake in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds 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.