Bessemer Group Inc. Grows Stake in C.H. Robinson Worldwide, Inc. $CHRW

Bessemer Group Inc. grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 219.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,866 shares of the transportation company’s stock after acquiring an additional 10,209 shares during the quarter. Bessemer Group Inc.’s holdings in C.H. Robinson Worldwide were worth $2,469,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of Jackson Hole Trust purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at about $25,000. Millstone Evans Group LLC raised its holdings in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares during the last quarter. DV Equities LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth about $27,000. Bayban bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth approximately $32,000. Finally, Western Pacific Wealth Management LP bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHRW. Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Wells Fargo & Company increased 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. Raymond James Financial reduced their target price on C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a report on Thursday, July 2nd. UBS Group boosted their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Finally, Susquehanna boosted their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.46.

C.H. Robinson Worldwide Trading Down 1.0%

NASDAQ:CHRW opened at $207.35 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12 month low of $96.89 and a 12 month high of $210.33. The company has a market cap of $24.44 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 1.80 and a beta of 0.91. The company has a 50 day simple moving average of $186.16 and a two-hundred day simple moving average of $180.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is 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.