C.H. Robinson Worldwide (NASDAQ:CHRW) Cut to “Equal Weight” at Stephens

Stephens lowered shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from an overweight rating to an equal weight rating in a research report released on Thursday morning, Anlyst Ratings reports. Stephens currently has $95.00 target price on the transportation company’s stock, down from their previous target price of $110.00.

A number of other research analysts have also weighed in on CHRW. BidaskClub lowered shares of C.H. Robinson Worldwide from a strong-buy rating to a buy rating in a report on Tuesday, October 13th. Morgan Stanley raised their target price on shares of C.H. Robinson Worldwide from $50.00 to $53.00 and gave the company an underweight rating in a report on Monday, August 3rd. Barclays raised shares of C.H. Robinson Worldwide from a neutral rating to an overweight rating and lifted their price objective for the stock from $95.00 to $115.00 in a research note on Friday, October 16th. Wells Fargo & Company assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, September 23rd. They set an underweight rating and a $92.00 price objective for the company. Finally, Citigroup lifted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock a neutral rating in a research note on Thursday, July 30th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. C.H. Robinson Worldwide presently has a consensus rating of Hold and an average price target of $86.56.

Shares of CHRW stock traded down $2.09 on Thursday, reaching $87.99. The company’s stock had a trading volume of 50,706 shares, compared to its average volume of 1,748,556. The stock’s fifty day simple moving average is $101.79 and its 200-day simple moving average is $87.77. C.H. Robinson Worldwide has a 1 year low of $56.94 and a 1 year high of $106.75. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 3.13 and a beta of 0.61.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 27th. The transportation company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. C.H. Robinson Worldwide had a net margin of 3.10% and a return on equity of 28.22%. Equities research analysts forecast that C.H. Robinson Worldwide will post 3.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, September 3rd. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.69%.

In other news, insider Mac S. Pinkerton sold 500 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $98.06, for a total transaction of $49,030.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben G. Campbell sold 2,677 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $93.69, for a total transaction of $250,808.13. Following the sale, the insider now directly owns 34,412 shares of the company’s stock, valued at $3,224,060.28. The disclosure for this sale can be found here. Insiders have sold 34,376 shares of company stock valued at $3,276,535 over the last three months. Insiders own 1.82% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Verition Fund Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $340,000. IBM Retirement Fund raised its holdings in shares of C.H. Robinson Worldwide by 39.0% in the third quarter. IBM Retirement Fund now owns 4,305 shares of the transportation company’s stock valued at $440,000 after acquiring an additional 1,208 shares in the last quarter. Duality Advisers LP bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $1,179,000. NN Investment Partners Holdings N.V. raised its holdings in C.H. Robinson Worldwide by 53.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 21,680 shares of the transportation company’s stock worth $1,715,000 after purchasing an additional 7,564 shares in the last quarter. Finally, AJO LP raised its holdings in C.H. Robinson Worldwide by 167.9% in the second quarter. AJO LP now owns 103,129 shares of the transportation company’s stock worth $8,153,000 after purchasing an additional 64,640 shares in the last quarter. Hedge funds and other institutional investors own 94.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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