Jefferies Financial Group Cuts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $100.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective trimmed by Jefferies Financial Group from $110.00 to $100.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

Several other research analysts have also commented on the stock. 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 report on Wednesday, March 26th. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. Raymond James reduced their price objective on C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating for the company in a research report on Friday. Bank of America dropped their target price on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a “buy” rating and a $115.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $117.20.

C.H. Robinson Worldwide Stock Up 1.1 %

Shares of C.H. Robinson Worldwide stock opened at $91.26 on Friday. The business has a 50-day moving average price of $97.96 and a 200 day moving average price of $103.57. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm has a market cap of $10.79 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.16 and a beta of 0.86. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction 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. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares in the company, valued at $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Inspire Investing LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $810,000. Northstar Advisory Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $587,000. JPMorgan Chase & Co. grew its holdings in shares of C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after buying an additional 36,769 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at $211,000. Finally, Contravisory Investment Management Inc. purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $543,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

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.