C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded at Susquehanna

Susquehanna upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a neutral rating to a positive rating in a research report report published on Friday, Marketbeat Ratings reports. They currently have $130.00 price target on the transportation company’s stock, up from their prior price target of $115.00.

A number of other brokerages have also recently weighed in on CHRW. Barclays lifted their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. TD Cowen lifted 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 report on Friday, December 13th. Evercore ISI upped their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus increased their target price on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus price target of $113.81.

C.H. Robinson Worldwide Stock Up 1.6 %

CHRW stock opened at $104.44 on Friday. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The firm has a market cap of $12.35 billion, a PE ratio of 36.14, a PEG ratio of 1.25 and a beta of 0.83. The firm’s 50 day moving average price is $106.91 and its 200-day moving average price is $101.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, equities research analysts anticipate that C.H. Robinson Worldwide will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide 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 transaction, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Venturi Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 111 shares during the last quarter. Quarry LP increased its holdings in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the period. Eastern Bank purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $55,000. Finally, Peoples Bank KS purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $66,000. 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.