Marsico Capital Management LLC Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Marsico Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,000 shares of the transportation company’s stock, valued at approximately $3,054,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $27,000. Western Pacific Wealth Management LP purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $36,000. Hantz Financial Services Inc. increased its position in shares of C.H. Robinson Worldwide by 56.2% during the fourth quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 82 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the last quarter. Finally, Park Place Capital Corp purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $39,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price 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. JPMorgan Chase & Co. raised their target price 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. Wall Street Zen downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Bank of America decreased their target price 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. Finally, Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $191.19 on Friday. The stock has a market cap of $22.54 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 1.60 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. 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 stock has a fifty day moving average of $175.94 and a 200-day moving average of $173.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share 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 quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

C.H. Robinson Worldwide Company Profile

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.