Allstate Corp Grows Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Allstate Corp raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 110.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,671 shares of the transportation company’s stock after purchasing an additional 4,550 shares during the period. Allstate Corp’s holdings in C.H. Robinson Worldwide were worth $1,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after buying an additional 4,751,034 shares during the period. Westfield Capital Management Co. LP acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $72,929,000. William Blair Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $70,333,000. Raymond James Financial Inc. grew its position in C.H. Robinson Worldwide by 68.5% in the third quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock valued at $139,194,000 after acquiring an additional 427,543 shares in the last quarter. Finally, Earnest Partners LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $54,313,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 1.8%

CHRW opened at $178.65 on Friday. The business has a 50 day moving average price of $172.79 and a 200 day moving average price of $171.73. 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 debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $21.06 billion, a P/E ratio of 36.16, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm 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 company earned $1.17 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. Research 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 announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CHRW shares. Stifel Nicolaus increased their price objective on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Loop Capital set a $206.00 price objective on C.H. Robinson Worldwide in a research note on Monday, February 2nd. Finally, Susquehanna reduced their price objective on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.61.

C.H. Robinson Worldwide Company Profile

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.