American Century Companies Inc. Increases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

American Century Companies Inc. raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,351 shares of the transportation company’s stock after buying an additional 3,329 shares during the quarter. American Century Companies Inc.’s holdings in C.H. Robinson Worldwide were worth $4,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. First Republic Investment Management Inc. grew its holdings in C.H. Robinson Worldwide by 0.8% during the 1st quarter. First Republic Investment Management Inc. now owns 15,472 shares of the transportation company’s stock valued at $1,666,000 after buying an additional 116 shares in the last quarter. Captrust Financial Advisors grew its holdings in C.H. Robinson Worldwide by 0.6% during the 2nd quarter. Captrust Financial Advisors now owns 22,095 shares of the transportation company’s stock valued at $2,085,000 after buying an additional 141 shares in the last quarter. Cascade Investment Advisors Inc. grew its holdings in C.H. Robinson Worldwide by 1.1% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock valued at $1,177,000 after buying an additional 145 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in C.H. Robinson Worldwide by 3.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after buying an additional 149 shares in the last quarter. Finally, Advisor Partners II LLC grew its holdings in C.H. Robinson Worldwide by 2.2% during the 1st quarter. Advisor Partners II LLC now owns 8,143 shares of the transportation company’s stock valued at $809,000 after buying an additional 173 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $78.00 to $75.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. StockNews.com lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. BNP Paribas reissued a “neutral” rating and issued a $76.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday. Finally, Susquehanna raised their target price on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a report on Monday. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $84.36.

C.H. Robinson Worldwide Stock Up 2.0 %

NASDAQ:CHRW opened at $74.32 on Thursday. C.H. Robinson Worldwide, Inc. has a twelve month low of $69.11 and a twelve month high of $106.14. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 3.71 and a beta of 0.72. The stock has a fifty day simple moving average of $76.17 and a 200-day simple moving average of $81.79. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.36 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, February 29th. This represents a $2.44 annualized dividend and a dividend yield of 3.28%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 90.04%.

C.H. Robinson Worldwide Company 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.