C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by investment analysts at Susquehanna from a “neutral” rating to a “positive” rating in a research report issued on Friday,Briefing.com Automated Import reports. The brokerage currently has a $130.00 target price on the transportation company’s stock, up from their previous target price of $115.00. Susquehanna’s target price would suggest a potential upside of 26.48% from the company’s previous close.

CHRW has been the topic of a number of other research reports. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $118.00 to $130.00 in a report on Monday, December 9th. Barclays upped 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 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. BMO Capital Markets increased their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Finally, TD Cowen boosted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $113.81.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $102.78 on Friday. The firm has a market capitalization of $12.15 billion, a P/E ratio of 35.56, a P/E/G ratio of 1.25 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The firm’s 50 day moving average is $106.99 and its two-hundred day moving average is $101.27.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 30.38% and a net margin of 1.96%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. Research analysts forecast that C.H. Robinson Worldwide will post 4.38 EPS for the current fiscal year.

Insider Activity

In related news, 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 directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Large investors have recently modified their holdings of the company. 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 in the last quarter. Quarry LP raised its stake in shares of C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the period. Eastern Bank acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $55,000. Finally, Peoples Bank KS acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $66,000. 93.15% of the stock is currently 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.