Alliancebernstein L.P. increased its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 60.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,595,569 shares of the transportation company’s stock after purchasing an additional 974,282 shares during the quarter. Alliancebernstein L.P. owned approximately 1.92% of C.H. Robinson Worldwide worth $202,973,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Waratah Capital Advisors Ltd. bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $744,000. Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $2,027,000. Colony Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $1,058,000. Voya Investment Management LLC boosted its position in shares of C.H. Robinson Worldwide by 3.7% in the 3rd quarter. Voya Investment Management LLC now owns 75,550 shares of the transportation company’s stock worth $6,405,000 after purchasing an additional 2,688 shares in the last quarter. Finally, State Street Corp boosted its position in shares of C.H. Robinson Worldwide by 2.6% in the 3rd quarter. State Street Corp now owns 8,800,175 shares of the transportation company’s stock worth $746,079,000 after purchasing an additional 223,856 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on CHRW. Credit Suisse Group lowered their price objective on C.H. Robinson Worldwide from $73.00 to $57.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. BMO Capital Markets reissued a “market perform” rating and issued a $76.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Susquehanna Bancshares cut C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $95.00 to $82.00 in a research report on Thursday, January 30th. Wolfe Research raised C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, January 7th. Finally, Barclays reissued a “buy” rating and issued a $95.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $79.38.
Shares of CHRW stock opened at $62.29 on Thursday. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.91 and a beta of 0.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. The business has a fifty day moving average of $68.66 and a 200 day moving average of $77.26. C.H. Robinson Worldwide Inc has a 1 year low of $56.94 and a 1 year high of $91.96.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, January 28th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.23). The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.75 billion. C.H. Robinson Worldwide had a return on equity of 34.67% and a net margin of 3.77%. The business’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the business earned $1.34 EPS. As a group, equities research analysts expect that C.H. Robinson Worldwide Inc will post 3.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.04 dividend on an annualized basis and a yield of 3.28%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.69%.
C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
Read More: Price to Earnings Ratio (PE) Basics
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