C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Gets Price Target Reduction from Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target trimmed by Susquehanna from $180.00 to $166.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

CHRW has been the subject of several other research reports. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Wells Fargo & Company cut their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Stephens decreased their price target on C.H. Robinson Worldwide from $200.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Finally, JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $198.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $180.52.

C.H. Robinson Worldwide Trading Up 0.2%

NASDAQ:CHRW opened at $133.84 on Monday. The company has a market capitalization of $15.52 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.09 and a beta of 0.95. The stock’s 50 day moving average price is $144.63 and its 200 day moving average price is $168.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 1.34. C.H. Robinson Worldwide has a 52 week low of $122.21 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 28th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.05. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The company’s revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide will post 6.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the first quarter worth $579,922,000. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth $172,626,000. Hamlin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $123,176,000. Vontobel Holding Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 47,894.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock valued at $122,993,000 after buying an additional 829,527 shares during the period. Finally, Sei Investments Co. increased its position in shares of C.H. Robinson Worldwide by 532.7% in the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after buying an additional 555,631 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.