Susquehanna Boosts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $120.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target increased by Susquehanna from $95.00 to $120.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 10.76% from the company’s current price.

A number of other analysts also recently weighed in on CHRW. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their price target for the company from $87.00 to $110.00 in a report on Thursday, August 1st. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a report on Thursday, August 1st. UBS Group increased their price target on shares of C.H. Robinson Worldwide from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target for the company in a report on Tuesday, July 9th. Finally, Evercore ISI raised shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and increased their price target for the company from $82.00 to $99.00 in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $95.33.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $108.34 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The company has a fifty day simple moving average of $99.78 and a 200 day simple moving average of $87.09. The company has a market cap of $12.71 billion, a P/E ratio of 42.82, a P/E/G ratio of 2.15 and a beta of 0.82. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $109.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.19. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. C.H. Robinson Worldwide’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. On average, sell-side analysts predict that C.H. Robinson Worldwide will post 4.13 EPS for the current year.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,894 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently made changes to their positions in CHRW. Franklin Resources Inc. increased its position in shares of C.H. Robinson Worldwide by 12.1% during the 4th quarter. Franklin Resources Inc. now owns 78,546 shares of the transportation company’s stock worth $6,786,000 after purchasing an additional 8,477 shares in the last quarter. Hsbc Holdings PLC increased its position in C.H. Robinson Worldwide by 13.0% in the 4th quarter. Hsbc Holdings PLC now owns 239,984 shares of the transportation company’s stock valued at $20,711,000 after acquiring an additional 27,610 shares in the last quarter. Parallel Advisors LLC increased its position in C.H. Robinson Worldwide by 12.4% in the 4th quarter. Parallel Advisors LLC now owns 4,976 shares of the transportation company’s stock valued at $430,000 after acquiring an additional 550 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $211,000. Finally, Treasurer of the State of North Carolina increased its position in C.H. Robinson Worldwide by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 52,434 shares of the transportation company’s stock valued at $4,530,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds 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.