C.H. Robinson Worldwide, Inc. $CHRW Position Raised by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 149.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,520 shares of the transportation company’s stock after acquiring an additional 8,706 shares during the quarter. iA Global Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $2,411,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $25,000. DV Equities LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $27,000. Bayban acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $32,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $27,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $189.85 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $96.27 and a 12 month high of $203.34. The stock has a market cap of $22.38 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.65 and a beta of 0.91. The stock’s 50 day moving average price is $180.09 and its 200 day moving average price is $176.94. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company posted $1.17 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHRW. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. Bank of America cut their target price on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Barclays boosted their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company increased their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.35.

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.