Accredited Investors Inc. boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,478 shares of the transportation company’s stock after purchasing an additional 5,667 shares during the period. C.H. Robinson Worldwide makes up approximately 0.9% of Accredited Investors Inc.’s holdings, making the stock its 23rd biggest position. Accredited Investors Inc.’s holdings in C.H. Robinson Worldwide were worth $17,117,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $30,000. Clearstead Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $34,000. 93.15% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on CHRW shares. Barclays boosted their price target on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Evercore boosted their price target on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Morgan Stanley boosted their price target on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Thursday, January 29th. Finally, TD Cowen boosted their price target 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. Seventeen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.27.
C.H. Robinson Worldwide Stock Up 2.4%
C.H. Robinson Worldwide stock opened at $163.59 on Friday. The firm has a market cap of $19.28 billion, a PE ratio of 33.12, a P/E/G ratio of 1.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm’s 50 day moving average price is $172.66 and its two-hundred day moving average price is $169.58. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating 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 prior year, the business earned $1.17 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.
C.H. Robinson Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio is 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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