Epoch Investment Partners Inc. lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 173.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 383,223 shares of the transportation company’s stock after purchasing an additional 243,207 shares during the period. Epoch Investment Partners Inc.’s holdings in C.H. Robinson Worldwide were worth $63,642,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the business. Vestcor Inc grew its holdings in C.H. Robinson Worldwide by 0.8% during 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 period. Horizon Investments LLC lifted its holdings 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 valued at $313,000 after acquiring an additional 58 shares during the period. Signaturefd LLC lifted its holdings 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 valued at $273,000 after acquiring an additional 59 shares during the period. Brendel Financial Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 2.2% during the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after purchasing an additional 61 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.
C.H. Robinson Worldwide Price Performance
C.H. Robinson Worldwide stock opened at $186.51 on Friday. The stock has a market capitalization of $21.98 billion, a P/E ratio of 37.76, a P/E/G ratio of 1.77 and a beta of 0.91. 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, Inc. has a 12-month low of $96.89 and a 12-month high of $210.33. The firm’s 50-day moving average is $187.53 and its two-hundred day moving average is $180.77.
C.H. Robinson Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on CHRW. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Susquehanna increased their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Finally, Truist Financial boosted their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $199.46.
View Our Latest Stock Analysis on CHRW
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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