Susquehanna Issues Pessimistic Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) had its price target trimmed by Susquehanna from $130.00 to $127.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a positive rating on the transportation company's stock.

Several other research analysts also recently commented on the stock. Raymond James decreased their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research note on Thursday. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Citigroup upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 13th. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and upped their price target for the company from $100.00 to $140.00 in a report on Friday, October 4th. Finally, Barclays lifted their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $117.17.

C.H. Robinson Worldwide Stock Down 1.2 %

NASDAQ:CHRW traded down $1.21 on Thursday, hitting $98.28. The stock had a trading volume of 732,429 shares, compared to its average volume of 1,117,666. The business's fifty day moving average is $105.52 and its 200 day moving average is $104.03. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The company has a market cap of $11.62 billion, a PE ratio of 25.59, a P/E/G ratio of 1.15 and a beta of 0.82.

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 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 34.53%. On average, equities research analysts expect that C.H. Robinson Worldwide will post 4.81 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction dated 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 trade represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael John Short sold 10,408 shares of the company's 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 sale, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company's stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds have recently bought and sold shares of the business. Paradigm Asset Management Co. LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $889,000. Allianz Asset Management GmbH raised its position in shares of C.H. Robinson Worldwide by 52.0% during the 4th quarter. Allianz Asset Management GmbH now owns 320,890 shares of the transportation company's stock valued at $33,154,000 after buying an additional 109,829 shares during the period. Legacy Capital Group California Inc. grew its holdings in shares of C.H. Robinson Worldwide by 22.7% during the 4th quarter. Legacy Capital Group California Inc. now owns 6,162 shares of the transportation company's stock worth $637,000 after purchasing an additional 1,139 shares during the period. Handelsbanken Fonder AB lifted its stake in C.H. Robinson Worldwide by 40.2% during the fourth quarter. Handelsbanken Fonder AB now owns 35,200 shares of the transportation company's stock worth $3,637,000 after purchasing an additional 10,100 shares in the last quarter. Finally, Alberta Investment Management Corp grew its holdings in shares of C.H. Robinson Worldwide by 0.7% in the fourth quarter. Alberta Investment Management Corp now owns 502,279 shares of the transportation company's stock valued at $51,895,000 after purchasing an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors 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.