Lord Abbett & CO. LLC Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Lord Abbett & CO. LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 463,569 shares of the transportation company’s stock, valued at approximately $74,523,000.

Other hedge funds also recently added to or reduced their stakes in the company. Mairs & Power Inc. grew its holdings in C.H. Robinson Worldwide by 0.7% during the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after purchasing an additional 6,188 shares during the last quarter. Raiffeisen Bank International AG bought a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $937,000. Jones Kertz & Associates Inc. bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $1,557,000. Massachusetts Financial Services Co. MA bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $3,699,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in C.H. Robinson Worldwide by 4.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 295,248 shares of the transportation company’s stock valued at $39,091,000 after purchasing an additional 12,838 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

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C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $193.74 on Friday. The company has a 50 day moving average price of $176.44 and a 200-day moving average price of $174.12. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. The stock has a market capitalization of $22.84 billion, a PE ratio of 39.22, a PEG ratio of 1.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company earned $1.17 EPS. The company’s revenue was down .9% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. Raymond James Financial set a $210.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, April 30th. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their target price for the stock from $195.00 to $200.00 in a research note on Wednesday, May 20th. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. UBS Group upped their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Finally, Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Seventeen investment 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 MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $195.65.

View Our Latest Stock Analysis on CHRW

C.H. Robinson Worldwide Company Profile

(Free Report)

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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