WINTON GROUP Ltd Acquires 31,926 Shares of C.H. Robinson Worldwide, Inc. $CHRW

WINTON GROUP Ltd raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 184.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,210 shares of the transportation company’s stock after acquiring an additional 31,926 shares during the period. WINTON GROUP Ltd’s holdings in C.H. Robinson Worldwide were worth $7,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CHRW. Wellington Management Group LLP grew 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 valued at $945,773,000 after acquiring an additional 4,751,034 shares during the last quarter. Norges Bank bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $236,665,000. Westfield Capital Management Co. LP bought a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $72,929,000. William Blair Investment Management LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $70,333,000. Finally, Raymond James Financial Inc. grew 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 valued at $139,194,000 after acquiring an additional 427,543 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Raymond James Financial set a $210.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, April 30th. UBS Group increased their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company raised their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. Seventeen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Stock Down 0.3%

Shares of C.H. Robinson Worldwide stock opened at $184.09 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 1.59 and a beta of 0.91. The company’s 50 day moving average price is $173.96 and its 200-day moving average price is $172.77.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $4.05 billion. During the same quarter last year, the business earned $1.17 earnings per share. The business’s revenue was down .9% on a year-over-year basis. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business 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 payout ratio is 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.