C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Cut to $129.00 by Analysts at UBS Group

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target trimmed by UBS Group from $130.00 to $129.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also weighed in on CHRW. Bank of America lifted their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Wells Fargo & Company reduced their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Jefferies Financial Group dropped their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Robert W. Baird initiated coverage on C.H. Robinson Worldwide in a research report on Tuesday. They set a “neutral” rating and a $105.00 target price on the stock. Finally, Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.50.

C.H. Robinson Worldwide Stock Down 1.2%

Shares of NASDAQ CHRW opened at $97.96 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $11.63 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. The stock’s fifty day simple moving average is $94.50 and its two-hundred day simple moving average is $97.86. C.H. Robinson Worldwide has a 12-month low of $84.24 and a 12-month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.02 by $0.15. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. As a group, analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.53%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the sale, the insider directly owned 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC lifted its stake in C.H. Robinson Worldwide by 0.9% in the 1st quarter. Voya Investment Management LLC now owns 35,020 shares of the transportation company’s stock worth $3,586,000 after purchasing an additional 309 shares in the last quarter. First Hawaiian Bank purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $244,000. Inspire Investing LLC lifted its stake in C.H. Robinson Worldwide by 277.7% in the 1st quarter. Inspire Investing LLC now owns 29,618 shares of the transportation company’s stock worth $3,033,000 after purchasing an additional 21,776 shares in the last quarter. Strs Ohio purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $1,876,000. Finally, IFM Investors Pty Ltd lifted its stake in C.H. Robinson Worldwide by 5.0% in the 1st quarter. IFM Investors Pty Ltd now owns 20,015 shares of the transportation company’s stock worth $2,050,000 after purchasing an additional 950 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

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.