C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Lowered to $131.00 at JPMorgan Chase & Co.

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target decreased by JPMorgan Chase & Co. from $133.00 to $131.00 in a research note issued to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

CHRW has been the topic of a number of other reports. Raymond James cut their price target on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a report on Thursday. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Stifel Nicolaus raised their price target on shares of 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. Susquehanna reduced their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a report on Thursday. Finally, Evercore ISI upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.50.

C.H. Robinson Worldwide Trading Down 6.9 %

NASDAQ CHRW opened at $100.44 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $105.69 and a 200 day simple moving average of $103.72. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82. The firm has a market capitalization of $11.87 billion, a P/E ratio of 26.09, a PEG ratio of 0.89 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 35.64%. On average, analysts predict that C.H. Robinson Worldwide will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Insider Buying and Selling

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $41,000. Quarry LP boosted its stake in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after acquiring an additional 316 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $52,000. 93.15% of the stock is owned by 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.