UBS Group Has Lowered Expectations for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective reduced by UBS Group from $140.00 to $130.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

CHRW has been the subject of several other research reports. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Friday, January 31st. Stephens restated an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. 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 on the stock in a research note on Friday, March 28th. Citigroup reduced their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $114.38.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $90.28 on Thursday. C.H. Robinson Worldwide has a 1 year low of $78.16 and a 1 year high of $114.82. The company’s 50 day simple moving average is $95.55 and its 200 day simple moving average is $101.89. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 1.16 and a beta of 0.86. 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) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.15. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. 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 company posted $0.86 EPS. On average, sell-side analysts predict that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of CHRW. Tidal Investments LLC increased its position in shares of C.H. Robinson Worldwide by 50.5% in the third quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock worth $2,460,000 after acquiring an additional 7,482 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of C.H. Robinson Worldwide by 59.6% during the third quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after buying an additional 27,370 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $11,865,000. GAMMA Investing LLC raised its position in C.H. Robinson Worldwide by 23.6% during the fourth quarter. GAMMA Investing LLC now owns 5,827 shares of the transportation company’s stock valued at $602,000 after buying an additional 1,114 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $287,000. 93.15% of the stock is owned by institutional investors and hedge funds.

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.