Hel Ved Capital Management Ltd bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,730 shares of the transportation company’s stock, valued at approximately $3,011,000.
Several other institutional investors and hedge funds have also bought and sold shares of CHRW. Vestcor Inc lifted its stake in shares of C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after purchasing an additional 51 shares during the period. Horizon Investments LLC lifted its stake in shares of C.H. Robinson Worldwide by 3.1% in the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 58 shares during the period. Signaturefd LLC lifted its stake in shares of C.H. Robinson Worldwide by 3.6% in the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 59 shares during the period. Brendel Financial Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 2.2% in the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 61 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of C.H. Robinson Worldwide by 2.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after purchasing an additional 69 shares during the period. Institutional investors own 93.15% of the company’s stock.
C.H. Robinson Worldwide Stock Performance
Shares of C.H. Robinson Worldwide stock opened at $193.74 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The firm has a market capitalization of $22.84 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 1.65 and a beta of 0.91. The business has a 50-day simple moving average of $176.44 and a 200 day simple moving average of $174.12. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.
C.H. Robinson Worldwide Announces Dividend
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 issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.
Wall Street Analyst Weigh In
CHRW has been the topic of a number of recent analyst reports. Barclays boosted their price objective 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. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a research report on Friday, May 1st. Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price for the company in a research report on Friday, May 15th. JPMorgan Chase & Co. boosted 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. Finally, 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 report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.65.
Read Our Latest Research Report on C.H. Robinson Worldwide
C.H. Robinson Worldwide Company 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.
See Also
- Five stocks we like better than C.H. Robinson Worldwide
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
