C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by National Pension Service

National Pension Service boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 132.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,944 shares of the transportation company’s stock after acquiring an additional 5,088 shares during the period. National Pension Service’s holdings in C.H. Robinson Worldwide were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mairs & Power Inc. grew its stake in C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after acquiring an additional 6,188 shares during the last quarter. Transcend Capital Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $460,000. Raiffeisen Bank International AG acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $937,000. Jones Kertz & Associates Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $1,557,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $3,699,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 0.7%

NASDAQ CHRW opened at $179.89 on Tuesday. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The company’s 50 day moving average price is $172.89 and its 200 day moving average price is $172.08. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 1.54 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $1.17 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down .9% compared to the same quarter last year. On average, sell-side analysts predict 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. Investors of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Loop Capital set a $206.00 price target on shares of C.H. Robinson Worldwide in a research note on Monday, February 2nd. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Susquehanna decreased their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Finally, TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Company 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.