BW Gestao de Investimentos Ltda. Purchases New Position in C.H. Robinson Worldwide, Inc. $CHRW

BW Gestao de Investimentos Ltda. purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 62,358 shares of the transportation company’s stock, valued at approximately $10,025,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Horizon Investments LLC grew its holdings in shares of C.H. Robinson Worldwide by 3.1% during the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after acquiring an additional 58 shares during the period. Signaturefd LLC grew its holdings in shares of C.H. Robinson Worldwide by 3.6% during the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after acquiring an additional 59 shares during the period. Brendel Financial Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.2% during the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after acquiring an additional 61 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of C.H. Robinson Worldwide by 2.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock worth $338,000 after acquiring an additional 69 shares during the period. Finally, Private Trust Co. NA grew its holdings in shares of C.H. Robinson Worldwide by 7.1% during the 4th quarter. Private Trust Co. NA now owns 1,099 shares of the transportation company’s stock worth $177,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price on the stock in a report on Friday, May 15th. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research note on Friday, May 1st. Finally, Barclays upped their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $179.89 on Tuesday. The business’s fifty day moving average price is $172.89 and its 200-day moving average price is $172.08. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 1.54 and a beta of 0.91. 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, Inc. has a 1-year low of $92.36 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations 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 was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend 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 is presently 51.01%.

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.