Berger Financial Group Inc Has $22.80 Million Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Berger Financial Group Inc trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,295 shares of the transportation company’s stock after selling 6,965 shares during the quarter. C.H. Robinson Worldwide makes up about 1.3% of Berger Financial Group Inc’s portfolio, making the stock its 13th biggest holding. Berger Financial Group Inc’s holdings in C.H. Robinson Worldwide were worth $22,801,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after buying an additional 4,751,034 shares during the last quarter. Auto Owners Insurance Co increased its holdings in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after buying an additional 1,501,744 shares during the last quarter. Norges Bank acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $236,665,000. Capital World Investors bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth $165,976,000. Finally, Pinebridge Investments LLC bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth $103,751,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the topic of several recent analyst reports. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Finally, UBS Group raised their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a report on Monday, June 1st. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.35.

C.H. Robinson Worldwide Stock 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 business has a 50 day moving average of $180.24 and a 200-day moving average of $177.03. 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 $22.38 billion, a PE ratio of 38.43, a P/E/G ratio of 1.64 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 earnings per share. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

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.