Cwm LLC Increases Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cwm LLC lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 267,539 shares of the transportation company’s stock after acquiring an additional 4,368 shares during the quarter. Cwm LLC owned 0.23% of C.H. Robinson Worldwide worth $23,576,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CHRW. Cascade Investment Advisors Inc. grew its stake in C.H. Robinson Worldwide by 10.4% in the first quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company’s stock worth $1,169,000 after purchasing an additional 1,450 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth about $2,960,000. Swedbank AB acquired a new position in C.H. Robinson Worldwide in the first quarter worth about $1,051,000. BNP Paribas Financial Markets grew its stake in C.H. Robinson Worldwide by 21.0% in the fourth quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company’s stock worth $13,468,000 after purchasing an additional 27,103 shares in the last quarter. Finally, Norden Group LLC acquired a new position in C.H. Robinson Worldwide in the first quarter worth about $4,585,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 1.4 %

Shares of CHRW traded down $1.41 during mid-day trading on Wednesday, reaching $97.77. The company’s stock had a trading volume of 1,342,380 shares, compared to its average volume of 1,669,222. The business has a fifty day moving average of $88.49 and a 200 day moving average of $80.50. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $105.41. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.73 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.50%. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Analyst Ratings Changes

A number of brokerages have commented on CHRW. Barclays lifted their target price on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. BMO Capital Markets boosted their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Susquehanna boosted their target price on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Finally, Wells Fargo & Company boosted their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $94.06.

C.H. Robinson Worldwide Company Profile

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.