Candriam S.C.A. Acquires 3,270 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Candriam S.C.A. increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,485 shares of the transportation company’s stock after purchasing an additional 3,270 shares during the period. Candriam S.C.A.’s holdings in C.H. Robinson Worldwide were worth $5,395,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CHRW. Bank of Jackson Hole Trust acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. Millstone Evans Group LLC grew its holdings in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. DV Equities LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $27,000. Bayban acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $32,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $27,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CHRW shares. Barclays raised their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Citigroup boosted their target price on C.H. Robinson Worldwide from $199.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $196.50 on Tuesday. The business has a fifty day simple moving average of $181.06 and a two-hundred day simple moving average of $178.38. C.H. Robinson Worldwide, Inc. has a 1 year low of $96.27 and a 1 year high of $203.34. The company has a market capitalization of $23.16 billion, a P/E ratio of 39.78, a P/E/G ratio of 1.67 and a beta of 0.91. 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 posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid 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 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.