International Assets Investment Management LLC Purchases Shares of 11,235 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

International Assets Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,235 shares of the transportation company’s stock, valued at approximately $9,710,000.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $31,000. Pacific Center for Financial Services bought a new position in C.H. Robinson Worldwide in the third quarter valued at $34,000. Headlands Technologies LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $140,000. Dana Investment Advisors Inc. bought a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $206,000. Finally, Revisor Wealth Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $206,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Up 0.3 %

NASDAQ CHRW opened at $81.20 on Monday. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 4.17 and a beta of 0.75. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $72.85 and a 200-day moving average of $79.10. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $105.18.

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 for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is 96.44%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CHRW shares. BNP Paribas reaffirmed a “neutral” rating and issued a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. StockNews.com upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday. TD Cowen increased their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a report on Thursday. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Finally, Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus price target of $82.60.

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.