Commerzbank Aktiengesellschaft FI Makes New $1.15 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Commerzbank Aktiengesellschaft FI bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, HoldingsChannel.com reports. The firm bought 7,148 shares of the transportation company’s stock, valued at approximately $1,149,000.

A number of other institutional investors also recently bought and sold shares of CHRW. Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in C.H. Robinson Worldwide during the third quarter worth $72,929,000. Raymond James Financial Inc. boosted its position in C.H. Robinson Worldwide by 68.5% during the third quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock worth $139,194,000 after purchasing an additional 427,543 shares in the last quarter. Earnest Partners LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter worth $54,313,000. Finally, State Street Corp boosted its position in C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after purchasing an additional 397,177 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $163.59 on Friday. The firm has a market capitalization of $19.28 billion, a PE ratio of 33.12, a P/E/G ratio of 1.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The business has a 50-day moving average of $172.66 and a two-hundred day moving average of $169.58. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34.

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, topping the consensus estimate of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

Analysts Set New Price Targets

CHRW has been the topic of a number of research analyst reports. Barclays boosted their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price objective on the stock in a research report on Friday. Wells Fargo & Company upped their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Loop Capital set a $206.00 price objective on C.H. Robinson Worldwide in a research report on Monday, February 2nd. Finally, Morgan Stanley upped their price objective on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Seventeen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $192.27.

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.