Banque Cantonale Vaudoise Invests $1.53 Million in C.H. Robinson Worldwide, Inc. $CHRW

Banque Cantonale Vaudoise bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 9,215 shares of the transportation company’s stock, valued at approximately $1,531,000.

Several other hedge funds also recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $27,000. DV Equities LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $27,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth $30,000. Finally, Clearstead Advisors LLC grew its stake in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.5%

Shares of CHRW opened at $179.38 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $93.47 and a twelve month high of $203.34. The company has a market cap of $21.14 billion, a P/E ratio of 36.31, a P/E/G ratio of 1.56 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The company’s fifty day simple moving average is $179.63 and its 200-day simple moving average is $175.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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 company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $1.17 EPS. The firm’s revenue was down .9% compared to the same quarter last year. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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 1.4%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Bank of America cut their price target 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. Barclays lifted their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $200.00 in a research report on Wednesday, May 20th. Finally, Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $195.65.

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.