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

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective cut by Susquehanna from $120.00 to $115.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. Susquehanna's price target points to a potential upside of 12.94% from the stock's current price.

A number of other brokerages have also weighed in on CHRW. Benchmark increased their target price on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday. Evercore ISI boosted 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 research report on Thursday, October 3rd. TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $75.00 to $85.00 and gave the company an "underweight" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and a consensus target price of $103.53.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $1.22 during midday trading on Friday, reaching $101.82. 1,570,109 shares of the company's stock were exchanged, compared to its average volume of 1,542,602. 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 stock's 50-day simple moving average is $105.72 and its 200 day simple moving average is $92.91. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 35.45, a P/E/G ratio of 1.44 and a beta of 0.82. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 31.35%. C.H. Robinson Worldwide's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. On average, analysts expect that C.H. Robinson Worldwide will post 4.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several large investors have recently modified their holdings of the business. QRG Capital Management Inc. increased its holdings in C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock valued at $1,230,000 after purchasing an additional 98 shares during the period. Central Pacific Bank Trust Division increased its stake in shares of C.H. Robinson Worldwide by 13.6% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company's stock valued at $110,000 after buying an additional 120 shares during the period. Empirical Finance LLC raised its position in shares of C.H. Robinson Worldwide by 3.4% during the first quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company's stock worth $325,000 after acquiring an additional 140 shares during the last quarter. Quent Capital LLC lifted its stake in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock worth $26,000 after acquiring an additional 146 shares during the period. Finally, Redwood Investment Management LLC boosted its holdings in C.H. Robinson Worldwide by 0.6% in the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company's stock valued at $2,143,000 after acquiring an additional 165 shares during the last quarter. 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.