Eagle Asset Management Inc. raised its holdings in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 8.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 634,626 shares of the transportation company’s stock after acquiring an additional 47,633 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.46% of C.H. Robinson Worldwide worth $55,206,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CHRW. Synovus Financial Corp boosted its position in shares of C.H. Robinson Worldwide by 80.0% in the 4th quarter. Synovus Financial Corp now owns 288 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 128 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in C.H. Robinson Worldwide by 32.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 572 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 140 shares during the last quarter. Comerica Bank raised its stake in C.H. Robinson Worldwide by 0.6% during the 4th quarter. Comerica Bank now owns 26,833 shares of the transportation company’s stock valued at $2,324,000 after acquiring an additional 167 shares during the last quarter. CWM Advisors LLC raised its stake in C.H. Robinson Worldwide by 6.3% during the 4th quarter. CWM Advisors LLC now owns 3,241 shares of the transportation company’s stock valued at $273,000 after acquiring an additional 192 shares during the last quarter. Finally, Benedict Financial Advisors Inc. raised its stake in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Benedict Financial Advisors Inc. now owns 10,886 shares of the transportation company’s stock valued at $947,000 after acquiring an additional 198 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Thursday, February 7th. Barclays increased their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. BidaskClub upgraded C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 3rd. Susquehanna Bancshares cut C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, Stifel Nicolaus set a $99.00 price target on C.H. Robinson Worldwide and gave the stock a “hold” rating in a report on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $92.33.
In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. bought 1,202 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of $83.18 per share, with a total value of $99,982.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.65% of the stock is currently owned by insiders.
Shares of CHRW traded up $0.68 during trading hours on Wednesday, hitting $79.69. The stock had a trading volume of 1,096,431 shares, compared to its average volume of 1,270,369. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $10.89 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.79 and a beta of 0.65. C.H. Robinson Worldwide Inc has a 12-month low of $77.72 and a 12-month high of $101.20.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.02. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the company posted $1.01 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. Sell-side analysts predict that C.H. Robinson Worldwide Inc will post 4.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, June 6th. C.H. Robinson Worldwide’s payout ratio is 42.28%.
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C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
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