C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Susquehanna

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

Several other research analysts have also weighed in on CHRW. BMO Capital Markets upped their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Citigroup raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, December 13th. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Evercore ISI lifted 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $113.81.

C.H. Robinson Worldwide Stock Up 1.6 %

CHRW opened at $104.44 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82. The stock has a market capitalization of $12.35 billion, a P/E ratio of 36.14, a P/E/G ratio of 1.25 and a beta of 0.83. The business has a 50 day simple moving average of $106.91 and a 200-day simple moving average of $101.62.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the company earned $0.84 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that C.H. Robinson Worldwide will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction 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 transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CHRW. Venturi Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after buying an additional 111 shares during the period. Quarry LP lifted its holdings in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 171 shares in the last quarter. Eastern Bank purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $55,000. Finally, Peoples Bank KS purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $66,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.