Quantum Portfolio Management LLC Purchases New Position in C.H. Robinson Worldwide, Inc. $CHRW

Quantum Portfolio Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,128 shares of the transportation company’s stock, valued at approximately $852,000.

Several other institutional investors have also modified their holdings of CHRW. PCB Capital LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $272,000. Montag A & Associates Inc. grew its position in shares of C.H. Robinson Worldwide by 117.8% in the 1st quarter. Montag A & Associates Inc. now owns 5,039 shares of the transportation company’s stock valued at $843,000 after buying an additional 2,725 shares during the last quarter. Swedbank AB raised its stake in C.H. Robinson Worldwide by 2.8% during the 1st quarter. Swedbank AB now owns 44,561 shares of the transportation company’s stock worth $7,400,000 after acquiring an additional 1,199 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth $222,000. Finally, Ascentis Independent Advisors lifted its position in C.H. Robinson Worldwide by 48.6% in the first quarter. Ascentis Independent Advisors now owns 3,659 shares of the transportation company’s stock valued at $608,000 after acquiring an additional 1,197 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $189.95 on Thursday. C.H. Robinson Worldwide, Inc. has a one year low of $96.27 and a one year high of $203.34. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 1.65 and a beta of 0.91. The company has a 50-day simple moving average of $180.53 and a 200-day simple moving average of $177.77. 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 (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping 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 was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.17 earnings per share. On average, analysts predict 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 announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CHRW. Susquehanna decreased their price objective on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. Barclays upped their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, Raymond James Financial cut their price target on C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research report on Thursday, July 2nd. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $195.35.

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.