Rockefeller Capital Management L.P. Grows Position in C.H. Robinson Worldwide, Inc. $CHRW

Rockefeller Capital Management L.P. boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 33.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,628 shares of the transportation company’s stock after purchasing an additional 44,126 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.15% of C.H. Robinson Worldwide worth $28,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CHRW. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $25,000. DV Equities LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at $27,000. Bayban purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth about $32,000. Vermillion & White Wealth Management Group LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $27,000. Finally, Western Pacific Wealth Management LP acquired a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $36,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of 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. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price target for the company. in a research report on Monday, June 15th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Price Performance

CHRW opened at $187.07 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The company has a 50 day moving average of $178.61 and a two-hundred day moving average of $175.43. The company has a market cap of $22.05 billion, a P/E ratio of 37.87, a P/E/G ratio of 1.60 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its 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. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts expect 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. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 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.