Susquehanna Upgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to “Positive”

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

Several other research analysts also recently commented on the company. Robert W. Baird boosted their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $118.00 to $130.00 in a report on Monday, December 9th. The Goldman Sachs Group upped their price target on shares of 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, Barclays raised their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $113.81.

C.H. Robinson Worldwide Stock Up 1.6 %

Shares of CHRW opened at $104.44 on Friday. The firm has a market cap 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. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $114.82. The stock has a 50 day simple moving average of $106.91 and a two-hundred day simple moving average of $101.40. 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 (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. On average, analysts forecast that C.H. Robinson Worldwide will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Insider Buying and Selling

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

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in CHRW. Venturi Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 83.5% in 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 last quarter. Quarry LP lifted 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 worth $43,000 after buying an additional 171 shares in the last quarter. Eastern Bank purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $55,000. Finally, Peoples Bank KS purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $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.