Goldman Sachs Group Inc. increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 937,530 shares of the transportation company’s stock after purchasing an additional 31,077 shares during the quarter. Goldman Sachs Group Inc.’s holdings in C.H. Robinson Worldwide were worth $150,717,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $27,000. Western Pacific Wealth Management LP purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $36,000. Hantz Financial Services Inc. grew its stake in C.H. Robinson Worldwide by 56.2% in the fourth quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 82 shares in the last quarter. Clearstead Advisors LLC grew its stake in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Finally, Park Place Capital Corp purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.
C.H. Robinson Worldwide Price Performance
NASDAQ CHRW opened at $184.09 on Monday. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market capitalization of $21.70 billion, a PE ratio of 37.27, a P/E/G ratio of 1.59 and a beta of 0.91. The stock has a 50-day simple moving average of $173.96 and a 200 day simple moving average of $172.91.
C.H. Robinson Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.
Analysts Set New Price Targets
CHRW has been the topic of a number of recent research reports. Susquehanna lowered their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Barclays boosted their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price on the stock in a research note on Friday, May 15th. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.65.
Check Out Our Latest Analysis on CHRW
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.
The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.
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