Citizens Financial Group Inc. RI Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Citizens Financial Group Inc. RI bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,783 shares of the transportation company’s stock, valued at approximately $464,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CHRW. Fifth Third Bancorp boosted its holdings in C.H. Robinson Worldwide by 278.2% during the 1st quarter. Fifth Third Bancorp now owns 53,913 shares of the transportation company’s stock valued at $8,953,000 after acquiring an additional 39,656 shares during the period. Candriam S.C.A. increased its stake in C.H. Robinson Worldwide by 11.2% in the 1st quarter. Candriam S.C.A. now owns 32,485 shares of the transportation company’s stock worth $5,395,000 after purchasing an additional 3,270 shares during the period. Hsbc Holdings PLC lifted its position in C.H. Robinson Worldwide by 3.0% in the first quarter. Hsbc Holdings PLC now owns 321,232 shares of the transportation company’s stock valued at $53,284,000 after purchasing an additional 9,436 shares during the last quarter. Whipplewood Advisors LLC lifted its position in C.H. Robinson Worldwide by 2,525.0% in the first quarter. Whipplewood Advisors LLC now owns 315 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 303 shares during the last quarter. Finally, Elevated Capital Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 82 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Key C.H. Robinson Worldwide News

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Susquehanna raised its price target on C.H. Robinson Worldwide (CHRW) to $226 from $215 and reiterated a positive rating, signaling confidence in further upside. Article
• Positive Sentiment: Truist Financial increased its price target to $215 from $210 and maintained a buy rating, adding to the bullish analyst momentum. Article
• Positive Sentiment: Stifel Nicolaus also lifted its target to $215 from $207 and kept a buy rating, reinforcing the view that CHRW may have more room to run. Article
• Neutral Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 price target, which is supportive but less aggressive than the recent buy-rated calls. Article
• Neutral Sentiment: New coverage and stock-comparison commentary, including a ZTO vs. CHRW value comparison and forecast articles, may keep investor attention on CHRW’s valuation, but they do not appear to be major catalysts on their own. Article

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $197.50 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average price is $182.28 and its 200-day moving average price is $178.86. C.H. Robinson Worldwide, Inc. has a 52 week low of $96.27 and a 52 week high of $203.34. The stock has a market cap of $23.28 billion, a P/E ratio of 39.98, a P/E/G ratio of 1.72 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate 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 net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 EPS. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on CHRW shares. TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Wells Fargo & Company increased their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. BMO Capital Markets raised their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday. 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 report on Friday, March 27th. Finally, Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $198.62.

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.