C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 119.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,570 shares of the transportation company’s stock after purchasing an additional 5,213 shares during the quarter. Fulton Bank N.A.’s holdings in C.H. Robinson Worldwide were worth $1,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after buying an additional 24,788 shares during the period. United Services Automobile Association purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $259,000. Empowered Funds LLC raised its position in shares of C.H. Robinson Worldwide by 2.3% during the 1st 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 lifted its holdings in C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after acquiring an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after acquiring an additional 359 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Citigroup cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price target for the company. in a report on Monday, June 15th. UBS Group raised their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Susquehanna reduced their price objective on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.35.

C.H. Robinson Worldwide Stock Down 0.7%

Shares of NASDAQ CHRW opened at $189.85 on Friday. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.65 and a beta of 0.91. 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 52-week low of $96.27 and a 52-week high of $203.34. The business’s 50 day moving average is $180.09 and its two-hundred day moving average is $176.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly 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. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

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.