Northwestern Mutual Wealth Management Co. Grows Stake in C.H. Robinson Worldwide, Inc. $CHRW

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4,676.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 314,861 shares of the transportation company’s stock after acquiring an additional 308,269 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in C.H. Robinson Worldwide were worth $50,617,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CHRW. Wellington Management Group LLP increased 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 purchasing an additional 4,751,034 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $72,929,000. Raymond James Financial Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 68.5% in the 3rd 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 position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $54,313,000. Finally, State Street Corp grew its position in shares of C.H. Robinson Worldwide by 5.7% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CHRW shares. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a report on Friday, May 1st. TD Cowen boosted their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Barclays lifted their price target 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. Finally, Bank of America decreased their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Seventeen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.27.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $169.72 on Tuesday. 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 stock has a fifty day moving average price of $172.36 and a 200 day moving average price of $170.16. C.H. Robinson Worldwide, Inc. has a 1-year low of $92.36 and a 1-year high of $203.34. The company has a market cap of $20.00 billion, a PE ratio of 34.36, a P/E/G ratio of 1.63 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

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.