Lombard Odier Asset Management Switzerland SA acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,328 shares of the transportation company’s stock, valued at approximately $719,000.
A number of other hedge funds also recently bought and sold shares of CHRW. Bank of Jackson Hole Trust acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. Millstone Evans Group LLC grew its position in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the last quarter. Finally, Bayban purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 93.15% of the company’s stock.
Analyst Upgrades and Downgrades
CHRW has been the topic of a number of recent research reports. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday. Citizens Jmp started coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target on the stock. Raymond James Financial lowered their price target on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research report on Thursday, July 2nd. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company raised their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $194.84.
C.H. Robinson Worldwide Price Performance
CHRW stock opened at $169.34 on Wednesday. The business has a fifty day moving average of $187.55 and a two-hundred day moving average of $180.93. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The stock has a market cap of $19.96 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 52-week low of $96.89 and a 52-week high of $210.33.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current year.
C.H. Robinson Worldwide Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $0.63 dividend. 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 1.5%. C.H. Robinson Worldwide’s dividend payout ratio is presently 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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