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

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities research analysts at Susquehanna from a “neutral” rating to a “positive” rating in a report issued on Friday, Marketbeat reports. The firm presently has a $130.00 target price on the transportation company’s stock, up from their prior target price of $115.00. Susquehanna’s target price points to a potential upside of 24.47% from the company’s previous close.

Several other equities research analysts have also recently issued reports on CHRW. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Evercore ISI lifted their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. The Goldman Sachs Group increased their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Citigroup upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $113.81.

C.H. Robinson Worldwide Trading Up 1.6 %

CHRW opened at $104.44 on Friday. The business has a fifty day moving average price of $106.91 and a 200 day moving average price of $101.51. 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 has a 12 month low of $65.00 and a 12 month high of $114.82. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. Sell-side analysts expect that C.H. Robinson Worldwide will post 4.38 earnings per share for the current fiscal year.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred 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 completion of the sale, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’s 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 sale, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently bought and sold shares of CHRW. Venturi Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after buying an additional 111 shares during the last quarter. Quarry LP increased its holdings in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 171 shares in the last quarter. Eastern Bank acquired a new position in C.H. Robinson Worldwide during the third quarter worth about $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $55,000. Finally, Peoples Bank KS acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $66,000. 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.