Friedenthal Financial Purchases New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Friedenthal Financial acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, Holdings Channel.com reports. The firm acquired 6,466 shares of the transportation company’s stock, valued at approximately $1,074,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mairs & Power Inc. raised its holdings in C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after acquiring an additional 6,188 shares during the last quarter. Jones Kertz & Associates Inc. acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $1,557,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $3,699,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of C.H. Robinson Worldwide by 4.5% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 295,248 shares of the transportation company’s stock valued at $39,091,000 after purchasing an additional 12,838 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $965,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CHRW shares. Susquehanna reduced their price objective on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. UBS Group upped their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a report on Monday, June 1st. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Finally, Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price objective for the company 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $177.28 on Thursday. C.H. Robinson Worldwide, Inc. has a 1-year low of $92.36 and a 1-year high of $203.34. The stock has a market cap of $20.90 billion, a PE ratio of 35.89, a P/E/G ratio of 1.54 and a beta of 0.91. The firm has a 50-day simple moving average of $179.17 and a two-hundred day simple moving average of $175.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.05 billion. During the same period in the previous year, the firm earned $1.17 EPS. The business’s revenue was down .9% on a year-over-year basis. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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