Pflug Koory LLC Raises Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pflug Koory LLC lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,379 shares of the transportation company’s stock after buying an additional 140 shares during the period. Pflug Koory LLC’s holdings in C.H. Robinson Worldwide were worth $448,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CHRW. Norges Bank purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $134,833,000. Raymond James Financial Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $102,174,000. First Trust Advisors LP grew its holdings in shares of C.H. Robinson Worldwide by 163.6% in the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company’s stock worth $124,625,000 after acquiring an additional 748,661 shares during the period. Wellington Management Group LLP grew its holdings in shares of C.H. Robinson Worldwide by 25.7% in the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after acquiring an additional 593,211 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of C.H. Robinson Worldwide by 7,706.1% in the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company’s stock worth $46,578,000 after acquiring an additional 449,034 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lowered their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Evercore ISI lowered their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Raymond James reduced their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Barclays dropped their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an “underweight” rating for the company in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.29.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $93.54 on Monday. C.H. Robinson Worldwide, Inc. has a twelve month low of $83.23 and a twelve month high of $114.82. The stock has a market capitalization of $11.11 billion, a P/E ratio of 24.30, a PEG ratio of 1.16 and a beta of 0.90. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $93.34 and its 200 day moving average price is $99.03.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is currently 59.33%.

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.