C.H. Robinson Worldwide (NASDAQ:CHRW) Cut to Hold at Citigroup

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

CHRW has been the topic of several other research reports. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group upped their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Barclays lifted their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. BMO Capital Markets upped their price objective on shares of 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. Finally, Benchmark lifted their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $107.63.

C.H. Robinson Worldwide Trading Down 0.1 %

Shares of C.H. Robinson Worldwide stock opened at $107.54 on Friday. The firm has a market cap of $12.71 billion, a PE ratio of 37.21, a P/E/G ratio of 1.23 and a beta of 0.84. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $113.10. 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 stock has a fifty day moving average price of $107.74 and a 200-day moving average price of $97.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. Equities research analysts anticipate that C.H. Robinson Worldwide will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the firm’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 owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 10.9% in 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 in the last quarter. California State Teachers Retirement System boosted its stake in 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 worth $16,841,000 after buying an additional 12,660 shares in the last quarter. Tidal Investments LLC grew its position in 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 valued at $3,778,000 after acquiring an additional 32,269 shares during the last quarter. Plato Investment Management Ltd raised its stake in shares of C.H. Robinson Worldwide by 63,850.0% during the first quarter. Plato Investment Management Ltd now owns 24,301 shares of the transportation company’s stock worth $1,850,000 after acquiring an additional 24,263 shares in the last quarter. Finally, Wahed Invest LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $172,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.