Candriam S.C.A. Buys 3,270 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Candriam S.C.A. raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 11.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,485 shares of the transportation company’s stock after purchasing an additional 3,270 shares during the quarter. Candriam S.C.A.’s holdings in C.H. Robinson Worldwide were worth $5,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CHRW. Wellington Management Group LLP boosted its holdings in shares of 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 in the last quarter. Auto Owners Insurance Co grew its position in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after acquiring an additional 1,501,744 shares during the last quarter. Norges Bank purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $236,665,000. Capital World Investors purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $165,976,000. Finally, Pinebridge Investments LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth $103,751,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.6%

Shares of C.H. Robinson Worldwide stock opened at $196.50 on Tuesday. The company has a 50-day simple moving average of $181.06 and a two-hundred day simple moving average of $178.38. C.H. Robinson Worldwide, Inc. has a 52-week low of $96.27 and a 52-week high of $203.34. 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 market capitalization of $23.16 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business earned $1.17 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHRW. TD Cowen raised their price objective on 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. Barclays raised their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Bank of America dropped their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.00.

Get Our Latest Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Company Profile

(Free Report)

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

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