Prospera Financial Services Inc acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,236 shares of the transportation company’s stock, valued at approximately $681,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in C.H. Robinson Worldwide in the second quarter worth about $30,000. Clearstead Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after buying an additional 128 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $34,000. Finally, MUFG Securities EMEA plc purchased a new stake in C.H. Robinson Worldwide in the second quarter worth about $34,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on CHRW shares. Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st. Susquehanna decreased their target price on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Loop Capital set a $206.00 target price on shares of C.H. Robinson Worldwide in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.61.
C.H. Robinson Worldwide Stock Performance
NASDAQ:CHRW opened at $178.65 on Friday. 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 stock has a 50-day simple moving average of $172.79 and a two-hundred day simple moving average of $171.73. The firm has a market capitalization of $21.06 billion, a PE ratio of 36.16, a P/E/G ratio of 1.52 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 earnings per share. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.
C.H. Robinson Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s 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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