1,032,446 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Capital World Investors

Capital World Investors purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,032,446 shares of the transportation company’s stock, valued at approximately $165,976,000. Capital World Investors owned about 0.87% of C.H. Robinson Worldwide as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide in the third quarter worth $27,000. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide in the second quarter worth $30,000. Clearstead Advisors LLC lifted its position in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after buying an additional 128 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $34,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $34,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Cowen lifted their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Raymond James Financial set a $210.00 target price on C.H. Robinson Worldwide in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. Finally, Susquehanna decreased their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. Seventeen investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $188.14 on Tuesday. The company has a market capitalization of $22.18 billion, a PE ratio of 38.09, 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 quick ratio of 1.59 and a current ratio of 1.59. The company has a 50-day simple moving average of $174.37 and a two-hundred day simple moving average of $173.17. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. C.H. Robinson Worldwide’s 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.