C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Lowered by Citigroup

Citigroup cut shares of C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Friday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. BMO Capital Markets raised their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. UBS Group upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their price objective for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an "equal weight" rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $107.63.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded down $1.18 during trading hours on Friday, hitting $106.36. The company's stock had a trading volume of 1,513,749 shares, compared to its average volume of 1,519,354. The company's 50 day simple moving average is $107.74 and its two-hundred day simple moving average is $97.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $12.57 billion, a P/E ratio of 36.80, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business earned $0.84 EPS. The company's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts expect that C.H. Robinson Worldwide will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.33%. C.H. Robinson Worldwide's payout ratio is 85.81%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company's stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its position in shares of C.H. Robinson Worldwide by 10.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,907 shares of the transportation company's stock worth $374,000 after purchasing an additional 484 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of C.H. Robinson Worldwide by 6.1% in the first quarter. California State Teachers Retirement System now owns 221,179 shares of the transportation company's stock valued at $16,841,000 after purchasing an additional 12,660 shares during the period. Tidal Investments LLC increased its position in shares of C.H. Robinson Worldwide by 185.2% during the first quarter. Tidal Investments LLC now owns 49,695 shares of the transportation company's stock worth $3,778,000 after acquiring an additional 32,269 shares during the period. Plato Investment Management Ltd boosted its stake in shares of C.H. Robinson Worldwide by 63,850.0% in the 1st quarter. Plato Investment Management Ltd now owns 24,301 shares of the transportation company's stock valued at $1,850,000 after buying an additional 24,263 shares during the period. Finally, Wahed Invest LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth $172,000. 93.15% of the stock is owned by institutional investors and hedge funds.

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.