Susquehanna Issues Pessimistic Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective cut by equities research analysts at Susquehanna from $130.00 to $127.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 24.27% from the stock’s current price.

Several other brokerages have also recently issued reports on CHRW. BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Robert W. Baird raised their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Raymond James cut their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and an average target price of $114.06.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded down $5.73 on Thursday, reaching $102.20. The stock had a trading volume of 562,141 shares, compared to its average volume of 921,764. 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 company has a market cap of $12.08 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The firm has a fifty day moving average of $105.85 and a two-hundred day moving average of $103.75. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. On average, equities research analysts anticipate that C.H. Robinson Worldwide will post 4.39 EPS for the current year.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a 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 dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CHRW. Public Sector Pension Investment Board bought a new position in C.H. Robinson Worldwide during the second quarter worth $411,000. AXA S.A. bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $217,000. The Manufacturers Life Insurance Company lifted its stake in shares of C.H. Robinson Worldwide by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,801 shares of the transportation company’s stock valued at $8,794,000 after purchasing an additional 1,328 shares during the period. Creative Planning boosted its position in shares of C.H. Robinson Worldwide by 23.0% during the 2nd quarter. Creative Planning now owns 34,785 shares of the transportation company’s stock valued at $3,065,000 after purchasing an additional 6,510 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in C.H. Robinson Worldwide by 5.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,468 shares of the transportation company’s stock worth $834,000 after purchasing an additional 502 shares during the period. Institutional investors and hedge funds 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.