Tidal Investments LLC Grows Position in C.H. Robinson Worldwide, Inc. $CHRW

Tidal Investments LLC grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 13.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 38,614 shares of the transportation company’s stock after buying an additional 4,521 shares during the quarter. Tidal Investments LLC’s holdings in C.H. Robinson Worldwide were worth $7,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHRW. Continuum Advisory LLC purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at about $27,000. NBH Bank purchased a new position in C.H. Robinson Worldwide in the 2nd quarter worth approximately $29,000. Bank of Jackson Hole Trust purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC boosted its holdings in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $27,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 0.2%

Shares of C.H. Robinson Worldwide stock opened at $152.78 on Friday. The stock has a 50 day moving average of $164.59 and a 200 day moving average of $172.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market capitalization of $17.85 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.29 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. TD Cowen reduced their price objective on C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating on the stock in a research report on Tuesday, July 28th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Citizens Jmp initiated 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 on the stock. Finally, Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $196.56.

Get Our Latest Stock Analysis on C.H. Robinson Worldwide

About C.H. Robinson Worldwide

(Free Report)

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

See Also

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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