C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 218.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,164 shares of the transportation company’s stock after buying an additional 87,204 shares during the quarter. Assetmark Inc.’s holdings in C.H. Robinson Worldwide were worth $21,118,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after buying an additional 24,788 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at $259,000. Empowered Funds LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2.3% during the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after buying an additional 350 shares during the period. Woodline Partners LP lifted its holdings in shares of C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after buying an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth grew its position in C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after buying an additional 359 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $208.50 on Friday. The stock has a 50 day moving average of $183.71 and a 200-day moving average of $179.35. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $24.58 billion, a P/E ratio of 42.21, a P/E/G ratio of 1.80 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 12 month low of $96.27 and a 12 month high of $208.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates 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%. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of analyst reports. Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. Raymond James Financial reduced their target price on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research report on Thursday, July 2nd. UBS Group lifted their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Wall Street Zen downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Finally, Susquehanna boosted their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.62.

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.