Susquehanna Has Lowered Expectations for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price
by Michael Walen · The Markets DailyC.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) had its price target reduced by equities researchers at Susquehanna from $220.00 to $215.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 17.03% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Raymond James Financial reissued an “outperform” rating on shares of C.H. Robinson Worldwide in a research report on Monday. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Loop Capital set a $206.00 target price on shares of C.H. Robinson Worldwide in a report on Monday, February 2nd. Sanford C. Bernstein upped their target price on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $186.22.
Read Our Latest Stock Analysis on C.H. Robinson Worldwide
C.H. Robinson Worldwide Stock Up 0.0%
NASDAQ CHRW traded up $0.07 during trading on Wednesday, reaching $183.71. The company’s stock had a trading volume of 315,377 shares, compared to its average volume of 2,195,856. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $21.65 billion, a PE ratio of 38.08, a PEG ratio of 1.91 and a beta of 0.93. The business has a 50-day moving average price of $175.24 and a 200-day moving average price of $164.64. C.H. Robinson Worldwide has a 1-year low of $86.58 and a 1-year high of $203.34.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last posted its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide will post 5.99 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider directly owned 52,101 shares of the company’s stock, valued at $10,487,931.30. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela K. Freeman sold 8,579 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the completion of the sale, the insider directly owned 55,611 shares of the company’s stock, valued at approximately $11,151,117.72. The trade was a 13.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders purchased 2,422 shares of company stock valued at $400,801 and sold 17,796 shares valued at $3,555,415. Corporate insiders own 0.37% of the company’s stock.
Institutional Investors Weigh In On C.H. Robinson Worldwide
Several institutional investors and hedge funds have recently bought and sold shares of CHRW. Bank of Jackson Hole Trust acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $27,000. DV Equities LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Finally, Clearstead Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 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 is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.
The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.