C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Lowered to $129.00 at UBS Group

C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) had its price objective trimmed by UBS Group from $130.00 to $129.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the transportation company's stock.

Several other equities analysts have also recently issued reports on the company. Bank of America boosted their target price on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Truist Financial started coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a "buy" rating and a $115.00 target price on the stock. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Tuesday, July 1st. JPMorgan Chase & Co. reduced their target price on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Finally, 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 research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $113.50.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded down $1.18 on Thursday, reaching $97.96. 478,230 shares of the company's stock traded hands, compared to its average volume of 1,301,783. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock's 50 day simple moving average is $94.67 and its two-hundred day simple moving average is $97.67. C.H. Robinson Worldwide has a 52-week low of $84.24 and a 52-week high of $114.82. The stock has a market cap of $11.63 billion, a PE ratio of 23.44, a PEG ratio of 1.61 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. On average, analysts forecast that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.53%. C.H. Robinson Worldwide's payout ratio is 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider owned 71,441 shares of the company's stock, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.91% of the company's stock.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently bought and sold shares of CHRW. North Capital Inc. acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth approximately $25,000. NBC Securities Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at $27,000. First Financial Corp IN bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at $31,000. WPG Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at $32,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $33,000. Institutional investors own 93.15% of the company's stock.

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.