Public Employees Retirement Association of Colorado raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 613.5% in the fourth quarter, Holdings Channel reports. The fund owned 85,783 shares of the transportation company’s stock after buying an additional 73,760 shares during the period. Public Employees Retirement Association of Colorado’s holdings in C.H. Robinson Worldwide were worth $13,790,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Vestcor Inc lifted its stake in C.H. Robinson Worldwide by 0.8% in the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock worth $1,029,000 after acquiring an additional 51 shares during the last quarter. Horizon Investments LLC lifted its stake in C.H. Robinson Worldwide by 3.1% in the fourth quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after acquiring an additional 58 shares during the last quarter. Signaturefd LLC lifted its stake in C.H. Robinson Worldwide by 3.6% in the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after acquiring an additional 59 shares during the last quarter. Brendel Financial Advisors LLC lifted its stake in C.H. Robinson Worldwide by 2.2% in the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after acquiring an additional 61 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in C.H. Robinson Worldwide by 2.8% in the third quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock worth $338,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.
Wall Street Analyst Weigh In
CHRW has been the subject of a number of recent research reports. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price target for the company. in a research note on Monday. UBS Group boosted their price objective on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. 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 company from $195.00 to $200.00 in a report on Wednesday, May 20th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.65.
C.H. Robinson Worldwide Trading Down 1.8%
Shares of C.H. Robinson Worldwide stock opened at $190.25 on Tuesday. The company has a fifty day simple moving average of $176.89 and a 200-day simple moving average of $174.49. C.H. Robinson Worldwide, Inc. has a 12-month low of $92.36 and a 12-month high of $203.34. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 1.67 and a beta of 0.91.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 EPS. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.
C.H. Robinson Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued 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%.
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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