Epoch Investment Partners Inc. Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Epoch Investment Partners Inc. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 140,016 shares of the transportation company’s stock, valued at approximately $22,509,000.

Other large investors have also modified their holdings of the company. Mairs & Power Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after buying an additional 6,188 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $937,000. Jones Kertz & Associates Inc. purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $1,557,000. Massachusetts Financial Services Co. MA purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $3,699,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in C.H. Robinson Worldwide by 4.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 295,248 shares of the transportation company’s stock valued at $39,091,000 after purchasing an additional 12,838 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CHRW shares. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Finally, Wells Fargo & Company upped their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $193.74 on Monday. The company has a market cap of $22.84 billion, a P/E ratio of 39.22, a PEG ratio of 1.67 and a beta of 0.91. 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, Inc. has a one year low of $92.36 and a one year high of $203.34. The firm has a fifty day moving average of $176.44 and a two-hundred day moving average of $174.26.

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, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion during 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 quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis 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.