Ameritas Investment Partners Inc. Raises Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Ameritas Investment Partners Inc. lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 14.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,223 shares of the transportation company’s stock after buying an additional 1,316 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in C.H. Robinson Worldwide were worth $778,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CHRW. Montag A & Associates Inc. purchased a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $30,000. UMB Bank n.a. grew its holdings in C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 294 shares during the period. Evermay Wealth Management LLC grew its holdings in C.H. Robinson Worldwide by 336.0% in the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 420 shares during the period. Sentry Investment Management LLC purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $49,000. Finally, Larson Financial Group LLC grew its holdings in C.H. Robinson Worldwide by 139.0% in the fourth quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock valued at $74,000 after purchasing an additional 495 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 0.5 %

CHRW traded up $0.44 during trading on Tuesday, hitting $90.63. The company had a trading volume of 1,254,610 shares, compared to its average volume of 1,642,064. The company has a market cap of $10.61 billion, a PE ratio of 35.75, a P/E/G ratio of 2.60 and a beta of 0.80. The business has a 50-day moving average of $86.29 and a 200-day moving average of $79.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.63 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a dividend of $0.61 per share. The ex-dividend date was Friday, June 7th. This represents a $2.44 annualized dividend and a yield of 2.69%. C.H. Robinson Worldwide’s payout ratio is 96.44%.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $87.00 in a report on Tuesday, July 9th. Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their price target for the company from $76.00 to $99.00 in a research report on Monday. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Finally, Evercore ISI raised shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $82.00 to $99.00 in a research report on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.78.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.