Susquehanna Has Lowered Expectations for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target reduced by analysts at Susquehanna from $127.00 to $117.00 in a note issued to investors on Wednesday, Marketbeat reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 15.07% from the stock’s current price.

CHRW has been the topic of several other reports. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Friday, January 31st. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target for the company. Raymond James lowered their price target on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Citigroup lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.05.

C.H. Robinson Worldwide Stock Down 0.2 %

Shares of NASDAQ CHRW opened at $101.68 on Wednesday. The firm has a fifty day simple moving average of $100.63 and a two-hundred day simple moving average of $104.37. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $12.07 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping 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%. Equities analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock worth $1,513,656 over the last three months. 1.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors have recently made changes to their positions in the business. Inspire Investing LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at approximately $810,000. D.A. Davidson & CO. increased its stake in shares of C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after purchasing an additional 443 shares in the last quarter. Northstar Advisory Group LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $587,000. JPMorgan Chase & Co. raised its holdings in C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $211,000. 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.