Susquehanna Lowers C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $115.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price cut by research analysts at Susquehanna from $120.00 to $115.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 12.94% from the stock’s current price.

A number of other research analysts also recently issued reports on CHRW. Benchmark upped their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Tuesday, July 9th. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their price objective for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $106.25.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $101.82 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $113.10. The company’s 50-day moving average is $105.72 and its 200 day moving average is $93.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 31.35%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts expect that C.H. Robinson Worldwide will post 4.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its position in shares of C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the period. Quent Capital LLC lifted its stake in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares in the last quarter. Eastern Bank bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $55,000. Finally, Peoples Bank KS purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $66,000. Institutional investors own 93.15% of the company’s stock.

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.