C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $117.00 Price Target at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target reduced by research analysts at Susquehanna from $127.00 to $117.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 17.00% from the company’s current price.

CHRW has been the topic of several other research reports. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Truist Financial started coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target on the stock. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Stephens reaffirmed an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Finally, Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $117.15.

C.H. Robinson Worldwide Stock Down 0.5 %

Shares of NASDAQ:CHRW opened at $100.00 on Wednesday. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $114.82. The stock has a market cap of $11.87 billion, a P/E ratio of 25.97, a PEG ratio of 1.16 and a beta of 0.83. The business has a fifty day moving average of $100.67 and a two-hundred day moving average of $104.41. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, research analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’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 transaction of $210,941.92. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock worth $1,513,656 over the last 90 days. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CHRW. Vanguard Group Inc. boosted its stake in C.H. Robinson Worldwide by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock valued at $1,501,774,000 after acquiring an additional 251,943 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock valued at $428,554,000 after purchasing an additional 191,611 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of C.H. Robinson Worldwide by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock valued at $326,549,000 after purchasing an additional 64,019 shares during the period. Van ECK Associates Corp grew its stake in C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after buying an additional 3,004,338 shares during the last quarter. Finally, Wellington Management Group LLP increased its position 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 worth $299,582,000 after buying an additional 593,211 shares during the period. 93.15% of the stock is 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.