CIBC Asset Management Inc Has $4.85 Million Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

CIBC Asset Management Inc lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 71.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,147 shares of the transportation company’s stock after buying an additional 12,551 shares during the period. CIBC Asset Management Inc’s holdings in C.H. Robinson Worldwide were worth $4,846,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of C.H. Robinson Worldwide by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after buying an additional 364,163 shares in the last quarter. State Street Corp raised its holdings in shares of C.H. Robinson Worldwide by 5.7% during the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after buying an additional 397,177 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after buying an additional 4,751,034 shares in the last quarter. Boston Partners grew its position in C.H. Robinson Worldwide by 6.1% during the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after acquiring an additional 213,245 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in C.H. Robinson Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock worth $514,889,000 after acquiring an additional 16,961 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company upped their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays upped their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Susquehanna reduced their price target on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Finally, Bank of America reduced their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Stock Down 0.3%

Shares of NASDAQ:CHRW opened at $184.09 on Friday. The company has a market capitalization of $21.70 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 1.59 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. The business’s 50-day moving average is $173.96 and its 200-day moving average is $172.77. 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 announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. Equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. 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 payout ratio is currently 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.