Susquehanna Cuts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $115.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target decreased by Susquehanna from $117.00 to $115.00 in a report issued on Thursday,Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

A number of other research analysts also recently commented on the stock. StockNews.com downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Thursday. Citigroup decreased their price target on shares of 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. Truist Financial began coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a “buy” rating and a $115.00 target price on the stock. Finally, Stephens reissued an “equal weight” rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.38.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $90.83 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 $95.39 and its 200 day simple moving average is $101.70. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 23.59, 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 declared 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 2.73%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 completion of the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction 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 transaction, the insider now owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently bought and sold shares of CHRW. Triasima Portfolio Management inc. grew its position in shares of C.H. Robinson Worldwide by 0.8% in the 1st quarter. Triasima Portfolio Management inc. now owns 32,645 shares of the transportation company’s stock worth $3,343,000 after acquiring an additional 265 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of C.H. Robinson Worldwide by 7.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 124,663 shares of the transportation company’s stock valued at $12,765,000 after buying an additional 8,817 shares during the period. Victory Capital Management Inc. grew its position in shares of C.H. Robinson Worldwide by 128.6% during the 1st quarter. Victory Capital Management Inc. now owns 142,164 shares of the transportation company’s stock valued at $14,558,000 after buying an additional 79,963 shares during the last quarter. Wealthfront Advisers LLC raised its stake in C.H. Robinson Worldwide by 43.2% during the first quarter. Wealthfront Advisers LLC now owns 2,773 shares of the transportation company’s stock worth $284,000 after acquiring an additional 836 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of C.H. Robinson Worldwide by 307.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 400 shares during the last quarter. 93.15% of the stock is currently 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.