Susquehanna Reaffirms “Positive” Rating for C.H. Robinson Worldwide (NASDAQ:CHRW)

C.H. Robinson Worldwide (NASDAQ:CHRW)‘s stock had its “positive” rating reiterated by Susquehanna in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $120.00 price objective on the transportation company’s stock, up from their previous price objective of $115.00. Susquehanna’s target price points to a potential upside of 29.44% from the company’s previous close.

A number of other analysts also recently weighed in on CHRW. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Barclays lowered their target price on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an “underweight” rating for the company in a report on Thursday, May 1st. Bank of America boosted their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. TD Cowen raised their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.52.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $92.71 on Tuesday. C.H. Robinson Worldwide has a fifty-two week low of $84.24 and a fifty-two week high of $114.82. The stock’s 50 day simple moving average is $93.77 and its two-hundred day simple moving average is $98.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.54 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the business posted $0.86 EPS. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider now directly owns 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently made changes to their positions in the business. Boston Partners purchased a new stake in C.H. Robinson Worldwide during the first quarter valued at approximately $234,304,000. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $134,833,000. Raymond James Financial Inc. bought a new position in C.H. Robinson Worldwide in the 4th quarter worth $102,174,000. First Trust Advisors LP lifted its position in C.H. Robinson Worldwide by 163.6% during the fourth quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company’s stock valued at $124,625,000 after purchasing an additional 748,661 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in C.H. Robinson Worldwide by 25.7% during the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock valued at $299,582,000 after purchasing an additional 593,211 shares during the period. Institutional investors 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.