Rockefeller Capital Management L.P. increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 33.3% during the 4th quarter, HoldingsChannel reports. The fund owned 176,628 shares of the transportation company’s stock after acquiring an additional 44,126 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in C.H. Robinson Worldwide were worth $28,395,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in C.H. Robinson Worldwide by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after purchasing an additional 364,163 shares during the last quarter. State Street Corp raised its holdings in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after purchasing an additional 397,177 shares during the period. Wellington Management Group LLP raised its holdings in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares during the period. Boston Partners lifted its position in shares of C.H. Robinson Worldwide by 6.1% in the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after buying an additional 213,245 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock valued at $514,889,000 after buying an additional 16,961 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently commented on CHRW. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. TD Cowen raised their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. 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 report on Thursday, April 30th. UBS Group increased their target price on 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. Finally, Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a research note on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.65.
C.H. Robinson Worldwide Price Performance
NASDAQ:CHRW opened at $187.07 on Tuesday. The business’s 50-day moving average price is $178.61 and its 200 day moving average price is $175.43. The firm has a market cap of $22.05 billion, a P/E ratio of 37.87, a PEG ratio of 1.60 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.
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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