SG Americas Securities LLC Acquires 27,771 Shares of C.H. Robinson Worldwide, Inc. $CHRW

SG Americas Securities LLC boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 141.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 47,438 shares of the transportation company’s stock after acquiring an additional 27,771 shares during the period. SG Americas Securities LLC’s holdings in C.H. Robinson Worldwide were worth $7,878,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after purchasing an additional 24,788 shares during the period. United Services Automobile Association acquired a new position in C.H. Robinson Worldwide in the first quarter valued at about $259,000. Empowered Funds LLC lifted its stake in C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after buying an additional 350 shares during the period. Woodline Partners LP boosted its holdings in C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after buying an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth grew its position in shares of C.H. Robinson Worldwide by 9.9% during the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after buying an additional 359 shares during the period. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHRW. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Bank of America decreased their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Wells Fargo & Company upped their target price on shares of 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. Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. Finally, Raymond James Financial set a $210.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Trading Down 0.5%

NASDAQ:CHRW opened at $179.38 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $93.47 and a fifty-two week high of $203.34. 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 stock has a market capitalization of $21.14 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. The business’s 50-day simple moving average is $179.63 and its 200-day simple moving average is $175.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (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 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%.C.H. Robinson Worldwide’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 EPS. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend 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.