Birchwood Financial Partners Inc. Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Birchwood Financial Partners Inc. acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,575 shares of the transportation company’s stock, valued at approximately $896,000. C.H. Robinson Worldwide accounts for about 0.9% of Birchwood Financial Partners Inc.’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Strive Financial Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $192,000. Raymond James Financial Inc. increased its stake in C.H. Robinson Worldwide by 5.2% during the 4th quarter. Raymond James Financial Inc. now owns 1,106,111 shares of the transportation company’s stock worth $178,343,000 after acquiring an additional 54,799 shares during the period. Beacon Pointe Advisors LLC bought a new position in C.H. Robinson Worldwide during the 4th quarter worth $234,000. Mackenzie Financial Corp raised its holdings in C.H. Robinson Worldwide by 18.2% in the 4th quarter. Mackenzie Financial Corp now owns 7,690 shares of the transportation company’s stock valued at $1,243,000 after acquiring an additional 1,184 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in C.H. Robinson Worldwide by 247.8% in the 4th quarter. Empowered Funds LLC now owns 11,719 shares of the transportation company’s stock valued at $1,884,000 after acquiring an additional 8,350 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CHRW shares. Raymond James Financial set a $210.00 price target on C.H. Robinson Worldwide in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $200.00 in a research report on Wednesday, May 20th. Barclays upped their price target on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, 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 on the stock in a research report on Friday, March 27th. Sixteen investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $185.04 on Friday. 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 stock has a market cap of $21.81 billion, a PE ratio of 37.46, a P/E/G ratio of 1.60 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 12-month low of $92.36 and a 12-month high of $203.34. The business’s 50-day moving average price is $178.02 and its two-hundred day moving average price is $175.07.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results 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 net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. 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.