C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 296,468 shares of the transportation company’s stock after purchasing an additional 35,803 shares during the period. Gotham Asset Management LLC’s holdings in C.H. Robinson Worldwide were worth $47,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CHRW. Bank of Jackson Hole Trust purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $27,000. DV Equities LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $30,000. Finally, Clearstead Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 2.2%

CHRW opened at $185.20 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $21.83 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91. The business has a 50-day moving average of $177.64 and a two-hundred day moving average of $174.88. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Analysts Set New Price Targets

A number of analysts recently commented on CHRW shares. Bank of America dropped their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 27th. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.65.

About C.H. Robinson Worldwide

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.