Capital World Investors purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,032,446 shares of the transportation company’s stock, valued at approximately $165,976,000.
A number of other large investors have also modified their holdings of CHRW. Goldman Sachs Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after acquiring an additional 24,788 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $259,000. Empowered Funds LLC boosted its position in C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after buying an additional 350 shares during the last quarter. Woodline Partners LP boosted its position in C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after buying an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after buying an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.
C.H. Robinson Worldwide Trading Up 2.2%
C.H. Robinson Worldwide stock opened at $188.14 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34. The stock’s 50 day simple moving average is $174.37 and its two-hundred day simple moving average is $173.17. The firm has a market cap of $22.18 billion, a PE ratio of 38.09, a P/E/G ratio of 1.59 and a beta of 0.91.
C.H. Robinson Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CHRW. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. UBS Group upped their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Susquehanna dropped 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 report on Wednesday, April 22nd. Finally, Bank of America dropped their target price on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Seventeen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.65.
View Our Latest Stock Analysis on C.H. Robinson Worldwide
C.H. Robinson Worldwide Profile
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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