Fifth Third Bancorp Increases Stake in C.H. Robinson Worldwide, Inc. $CHRW

Fifth Third Bancorp raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 278.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 53,913 shares of the transportation company’s stock after purchasing an additional 39,656 shares during the quarter. Fifth Third Bancorp’s holdings in C.H. Robinson Worldwide were worth $8,953,000 at the end of the most recent quarter.

A number of other institutional investors have also recently 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 worth $25,000. Millstone Evans Group LLC boosted its position in C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the period. DV Equities LLC purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $27,000. Bayban bought a new stake in C.H. Robinson Worldwide in the 4th quarter worth $32,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $27,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide News Summary

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Susquehanna raised its price target on C.H. Robinson Worldwide (CHRW) to $226 from $215 and reiterated a positive rating, signaling confidence in further upside. Article
• Positive Sentiment: Truist Financial increased its price target to $215 from $210 and maintained a buy rating, adding to the bullish analyst momentum. Article
• Positive Sentiment: Stifel Nicolaus also lifted its target to $215 from $207 and kept a buy rating, reinforcing the view that CHRW may have more room to run. Article
• Neutral Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 price target, which is supportive but less aggressive than the recent buy-rated calls. Article
• Neutral Sentiment: New coverage and stock-comparison commentary, including a ZTO vs. CHRW value comparison and forecast articles, may keep investor attention on CHRW’s valuation, but they do not appear to be major catalysts on their own. Article

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHRW. Barclays upped their price objective on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. BMO Capital Markets raised their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday. Citizens Jmp began coverage on C.H. Robinson Worldwide in a report on Wednesday. They set a “market perform” rating and a $235.00 price target on the stock. UBS Group upped their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average target price of $198.62.

C.H. Robinson Worldwide Stock Down 1.1%

CHRW stock opened at $197.50 on Thursday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $96.27 and a fifty-two week high of $203.34. The business’s 50 day moving average price is $182.28 and its two-hundred day moving average price is $178.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market capitalization of $23.28 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the business posted $1.17 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

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.