Susquehanna Issues Pessimistic Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lowered by equities research analysts at Susquehanna from $220.00 to $215.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price points to a potential upside of 17.01% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $200.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. BMO Capital Markets reiterated a “market perform” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Bank of America decreased their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Stifel Nicolaus upped their price target on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, TD Cowen upped their price target on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.22.

C.H. Robinson Worldwide Trading Up 0.8%

NASDAQ:CHRW opened at $183.74 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a 50-day moving average of $175.28 and a 200-day moving average of $164.90. The company has a market cap of $21.65 billion, a PE ratio of 38.04, a PEG ratio of 1.89 and a beta of 0.93. C.H. Robinson Worldwide has a one year low of $86.58 and a one year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 5.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,579 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $200.52, for a total value 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. This represents a 13.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael John Short sold 6,368 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the transaction, the insider owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This trade represents a 10.89% 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 worth $400,801 and sold 17,796 shares worth $3,555,415. 0.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vestcor Inc grew its stake in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after purchasing an additional 51 shares during the period. Horizon Investments LLC grew its stake in C.H. Robinson Worldwide by 3.1% in the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 58 shares during the period. Signaturefd LLC grew its position in shares of C.H. Robinson Worldwide by 3.6% during the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock valued at $273,000 after acquiring an additional 59 shares during the period. Brendel Financial Advisors LLC grew its position in shares of C.H. Robinson Worldwide by 2.2% during the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after acquiring an additional 61 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of C.H. Robinson Worldwide by 2.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 69 shares during the period. 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.