C.H. Robinson Worldwide (NASDAQ:CHRW) Raised to Positive at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities researchers at Susquehanna from a “neutral” rating to a “positive” rating in a report released on Friday, MarketBeat.com reports. The firm currently has a $130.00 price objective on the transportation company’s stock, up from their previous price objective of $115.00. Susquehanna’s target price would indicate a potential upside of 24.47% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Evercore ISI lifted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. Barclays increased their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Citigroup upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $113.81.

C.H. Robinson Worldwide Trading Up 1.6 %

Shares of C.H. Robinson Worldwide stock opened at $104.44 on Friday. The stock has a market cap of $12.35 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The firm has a fifty day moving average price of $106.91 and a 200 day moving average price of $101.51. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue was up 7.0% on a year-over-year basis. Equities research analysts predict that C.H. Robinson Worldwide will post 4.38 earnings per share for the current year.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC increased its holdings in C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Quarry LP raised its holdings in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after buying an additional 171 shares during the period. Eastern Bank acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth about $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $55,000. Finally, Peoples Bank KS acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $66,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

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.