Koshinski Asset Management Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, HoldingsChannel reports. The firm bought 11,365 shares of the transportation company’s stock, valued at approximately $1,737,000.
Several other large investors also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.5% during the fourth quarter. BlackRock Inc. now owns 15,998,262 shares of the transportation company’s stock worth $1,501,756,000 after acquiring an additional 76,830 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in C.H. Robinson Worldwide by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,057,828 shares of the transportation company’s stock valued at $287,038,000 after purchasing an additional 10,584 shares in the last quarter. AQR Capital Management LLC raised its stake in C.H. Robinson Worldwide by 4.2% during the third quarter. AQR Capital Management LLC now owns 1,509,839 shares of the transportation company’s stock valued at $154,291,000 after purchasing an additional 61,264 shares in the last quarter. Norges Bank purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at $124,745,000. Finally, Sprucegrove Investment Management Ltd. raised its stake in C.H. Robinson Worldwide by 89.9% during the fourth quarter. Sprucegrove Investment Management Ltd. now owns 998,500 shares of the transportation company’s stock valued at $93,729,000 after purchasing an additional 472,600 shares in the last quarter. Hedge funds and other institutional investors own 92.95% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of C.H. Robinson Worldwide from $54.00 to $55.00 and gave the company an “underweight” rating in a research note on Monday, February 1st. Vertical Research initiated coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 26th. They issued a “hold” rating on the stock. Cowen increased their target price on shares of C.H. Robinson Worldwide from $102.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, January 28th. Finally, Oppenheimer reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Sunday, January 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $93.76.
CHRW stock opened at $96.27 on Thursday. The company has a market capitalization of $12.63 billion, a PE ratio of 28.65, a P/E/G ratio of 2.52 and a beta of 0.64. C.H. Robinson Worldwide, Inc. has a 12 month low of $68.46 and a 12 month high of $106.75. The firm’s 50-day moving average is $94.26 and its 200 day moving average is $94.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 1.62.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Monday, January 25th. The transportation company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.11. C.H. Robinson Worldwide had a net margin of 2.96% and a return on equity of 26.78%. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the business earned $0.73 EPS. The company’s revenue was up 19.9% compared to the same quarter last year. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Friday, March 5th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Thursday, March 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.69%.
C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and offers door-to-door services.
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