BNP Paribas Financial Markets Acquires 54,370 Shares of C.H. Robinson Worldwide, Inc. $CHRW

BNP Paribas Financial Markets raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 28.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,446 shares of the transportation company’s stock after acquiring an additional 54,370 shares during the quarter. BNP Paribas Financial Markets owned about 0.21% of C.H. Robinson Worldwide worth $39,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CHRW. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth $30,000. Clearstead Advisors LLC increased its holdings in shares of C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the period. MUFG Securities EMEA plc bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth $34,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $34,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $180.74 on Thursday. The company has a 50-day simple moving average of $173.36 and a two-hundred day simple moving average of $172.46. 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 12-month low of $92.36 and a 12-month high of $203.34. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.54 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Raymond James Financial set a $210.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, April 30th. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Wells Fargo & Company upped 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 research report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide 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.