Saratoga Research & Investment Management Has $49.46 Million Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Saratoga Research & Investment Management cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,641 shares of the transportation company’s stock after selling 19,490 shares during the quarter. C.H. Robinson Worldwide makes up 2.6% of Saratoga Research & Investment Management’s holdings, making the stock its 16th biggest holding. Saratoga Research & Investment Management owned approximately 0.26% of C.H. Robinson Worldwide worth $49,456,000 as of its most recent SEC filing.

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

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $163.59 on Friday. The business’s 50-day moving average price is $172.66 and its 200-day moving average price is $169.58. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 1.63 and a beta of 0.94. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79.

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 firm had revenue of $4.01 billion for 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 business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.17 earnings per share. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHRW. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. TD Cowen raised their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price target on the stock in a research note on Friday. Finally, Bank of America cut their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Seventeen equities 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, the stock currently has an average rating of “Moderate Buy” and an average 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.