C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $111.00 Price Target at Raymond James

C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) had its target price reduced by Raymond James from $118.00 to $111.00 in a report issued on Friday morning,Benzinga reports. Raymond James currently has an outperform rating on the transportation company's stock.

A number of other brokerages have also recently commented on CHRW. Bank of America cut their price target on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Robert W. Baird upped their price objective 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. Deutsche Bank Aktiengesellschaft started coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They set a "buy" rating and a $129.00 target price on the stock. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Friday, December 13th. Finally, Barclays raised their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research note on Friday, January 17th. One research 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. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.20.

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C.H. Robinson Worldwide Stock Down 2.3 %

C.H. Robinson Worldwide stock traded down $2.07 during midday trading on Friday, reaching $89.49. The stock had a trading volume of 377,176 shares, compared to its average volume of 1,411,972. The stock has a market capitalization of $10.58 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82. The firm's fifty day simple moving average is $97.76 and its 200-day simple moving average is $103.37. 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 (NASDAQ:CHRW - Get Free Report) last issued 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 net margin of 2.63% and a return on equity of 34.53%. As a group, analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.77%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Large investors have recently bought and sold shares of the company. National Pension Service acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth $27,000. First Financial Corp IN acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at $31,000. Proficio Capital Partners LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $33,000. Finally, Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $41,000. 93.15% of the stock is currently owned by 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.