Geode Capital Management LLC Grows Position in C.H. Robinson Worldwide, Inc. $CHRW

Geode Capital Management LLC raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,214,855 shares of the transportation company’s stock after buying an additional 16,961 shares during the quarter. Geode Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $514,889,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $27,000. Western Pacific Wealth Management LP purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $36,000. Hantz Financial Services Inc. grew its holdings in C.H. Robinson Worldwide by 56.2% during the 4th quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock valued at $37,000 after buying an additional 82 shares in the last quarter. Clearstead Advisors LLC grew its holdings in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Finally, Park Place Capital Corp purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $178.65 on Monday. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 1.54 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 1 year low of $92.36 and a 1 year high of $203.34. The business has a 50 day simple moving average of $172.79 and a 200-day simple moving average of $171.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company earned $1.17 EPS. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price target for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Raymond James Financial set a $210.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, April 30th. Finally, Susquehanna lowered their price objective on 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. Seventeen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.61.

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.