Accredited Investors Inc. Buys 26,090 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Accredited Investors Inc. increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 24.5% in the 1st quarter, Holdings Channel reports. The firm owned 132,568 shares of the transportation company’s stock after purchasing an additional 26,090 shares during the period. C.H. Robinson Worldwide accounts for approximately 1.2% of Accredited Investors Inc.’s holdings, making the stock its 18th biggest position. Accredited Investors Inc.’s holdings in C.H. Robinson Worldwide were worth $22,016,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CHRW. Vestcor Inc grew its stake in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after buying an additional 51 shares during the last quarter. Horizon Investments LLC lifted its position in C.H. Robinson Worldwide by 3.1% during the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after acquiring an additional 58 shares during the last quarter. Signaturefd LLC boosted its holdings in C.H. Robinson Worldwide by 3.6% during the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock valued at $273,000 after acquiring an additional 59 shares during the period. Brendel Financial Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 2.2% during the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after acquiring an additional 61 shares during the period. Finally, Elevation Point Wealth Partners LLC grew its position in shares of C.H. Robinson Worldwide by 1.7% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 4,108 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.5%

Shares of NASDAQ CHRW opened at $192.76 on Friday. The stock has a market cap of $22.72 billion, a PE ratio of 39.02, a PEG ratio of 1.64 and a beta of 0.91. The business has a fifty day moving average of $180.62 and a two-hundred day moving average of $177.96. C.H. Robinson Worldwide, Inc. has a 52-week low of $96.27 and a 52-week high of $203.34. 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 (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CHRW. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. TD Cowen increased their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Citigroup upped their price target on C.H. Robinson Worldwide from $199.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $200.00 in a research note on Wednesday, May 20th. Finally, Barclays raised 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 research report on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $195.57.

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.