Aventail Capital Group LP purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the 4th quarter, Holdings Channel reports. The fund purchased 46,440 shares of the transportation company’s stock, valued at approximately $7,466,000.
Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in C.H. Robinson Worldwide by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after buying an additional 364,163 shares during the period. State Street Corp raised its position in C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after buying an additional 397,177 shares during the period. Wellington Management Group LLP increased its position in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares during the last quarter. Boston Partners increased its position in C.H. Robinson Worldwide by 6.1% in the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after purchasing an additional 213,245 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in C.H. Robinson Worldwide by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock worth $514,889,000 after purchasing an additional 16,961 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.
C.H. Robinson Worldwide Price Performance
Shares of NASDAQ:CHRW opened at $185.20 on Thursday. The business has a 50 day moving average price of $177.64 and a 200 day moving average price of $174.88. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34. The company has a market cap of $21.83 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 1.64 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79.
C.H. Robinson Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.
Analysts Set New Price Targets
Several research analysts have weighed in on CHRW shares. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 target price on the stock. in a research report on Monday. Raymond James Financial set a $210.00 target price on C.H. Robinson Worldwide in a research report on Thursday, April 30th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their target price for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. TD Cowen upped their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Susquehanna dropped their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.65.
Read Our Latest Stock Analysis on C.H. Robinson Worldwide
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.
Featured Articles
- Five stocks we like better than C.H. Robinson Worldwide
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report).
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
