C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Saratoga Research & Investment Management

Saratoga Research & Investment Management raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 546,514 shares of the transportation company’s stock after acquiring an additional 10,753 shares during the period. C.H. Robinson Worldwide makes up 1.9% of Saratoga Research & Investment Management’s investment portfolio, making the stock its 21st largest holding. Saratoga Research & Investment Management owned 0.47% of C.H. Robinson Worldwide worth $41,612,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CHRW. Vanguard Group Inc. increased its holdings in C.H. Robinson Worldwide by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company’s stock valued at $1,212,750,000 after acquiring an additional 174,041 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 0.6% during the fourth quarter. First Eagle Investment Management LLC now owns 9,482,897 shares of the transportation company’s stock worth $819,227,000 after buying an additional 59,016 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of C.H. Robinson Worldwide by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after buying an additional 68,491 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of C.H. Robinson Worldwide by 13.0% during the third quarter. Royal Bank of Canada now owns 1,338,395 shares of the transportation company’s stock worth $115,275,000 after buying an additional 154,381 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,240 shares of the transportation company’s stock worth $90,903,000 after acquiring an additional 28,005 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the topic of several research analyst reports. Wells Fargo & Company began coverage on shares of C.H. Robinson Worldwide in a research report on Friday, June 7th. They issued an “equal weight” rating and a $94.00 target price on the stock. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, Evercore ISI upgraded shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $82.00 to $99.00 in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.38.

C.H. Robinson Worldwide Stock Up 0.4 %

Shares of CHRW traded up $0.39 during trading hours on Friday, reaching $88.12. The company’s stock had a trading volume of 3,426,329 shares, compared to its average volume of 1,596,367. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 2.60 and a beta of 0.81. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $100.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $82.71 and a two-hundred day moving average of $79.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.77%. C.H. Robinson Worldwide’s dividend payout ratio is 96.44%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.