Banque Cantonale Vaudoise Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Banque Cantonale Vaudoise purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,215 shares of the transportation company’s stock, valued at approximately $1,531,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mairs & Power Inc. raised its holdings in shares of C.H. Robinson Worldwide by 0.7% during the third quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after acquiring an additional 6,188 shares in the last quarter. Jones Kertz & Associates Inc. bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $1,557,000. Massachusetts Financial Services Co. MA purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at $3,699,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in C.H. Robinson Worldwide by 4.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 295,248 shares of the transportation company’s stock worth $39,091,000 after purchasing an additional 12,838 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $965,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.5%

Shares of C.H. Robinson Worldwide stock opened at $179.38 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a twelve month low of $93.47 and a twelve month high of $203.34. The company has a market cap of $21.14 billion, a price-to-earnings ratio of 36.31, a price-to-earnings-growth ratio of 1.56 and a beta of 0.91. The company’s 50 day moving average is $179.63 and its 200 day moving average is $175.89.

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. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $0.63 per share. 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

A number of equities analysts recently issued reports on CHRW shares. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. 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. TD Cowen increased 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. Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.65.

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.