198,700 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 198,700 shares of the transportation company’s stock, valued at approximately $31,946,000. Eurizon Capital SGR S.p.A. owned about 0.17% of C.H. Robinson Worldwide at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHRW. Fideuram Asset Management Ireland dac purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $76,000. National Pension Service lifted its stake in C.H. Robinson Worldwide by 132.0% during the fourth quarter. National Pension Service now owns 8,944 shares of the transportation company’s stock valued at $1,438,000 after buying an additional 5,088 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $1,836,000. Northwestern Mutual Wealth Management Co. lifted its stake in C.H. Robinson Worldwide by 23.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,116 shares of the transportation company’s stock valued at $1,305,000 after buying an additional 1,524 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $30,869,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of analyst reports. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Barclays upped their price objective on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial set a $210.00 target price on C.H. Robinson Worldwide in a report on Thursday, April 30th. TD Cowen upped their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Susquehanna dropped their target price on 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. Seventeen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.61.

C.H. Robinson Worldwide Trading Up 1.8%

NASDAQ:CHRW opened at $178.65 on Friday. The stock’s 50 day moving average price is $172.79 and its 200 day moving average price is $171.73. C.H. Robinson Worldwide, Inc. has a 52 week low of $92.36 and a 52 week high of $203.34. The company has a market capitalization of $21.06 billion, a P/E ratio of 36.16, a P/E/G ratio of 1.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data 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 firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is currently 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.