C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Lifted by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 149.7% in the first quarter, Holdings Channel.com reports. The fund owned 14,520 shares of the transportation company’s stock after buying an additional 8,706 shares during the quarter. iA Global Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $2,411,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mairs & Power Inc. lifted its position in shares of C.H. Robinson Worldwide by 0.7% in the third quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after purchasing an additional 6,188 shares in the last quarter. Jones Kertz & Associates Inc. purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $1,557,000. Massachusetts Financial Services Co. MA purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $3,699,000. Contravisory Investment Management Inc. acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $965,000. Finally, New York State Teachers Retirement System increased its stake in C.H. Robinson Worldwide by 6.0% in the 4th quarter. New York State Teachers Retirement System now owns 104,269 shares of the transportation company’s stock valued at $16,762,000 after buying an additional 5,877 shares during the period. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $189.85 on Friday. The company’s fifty day moving average is $180.09 and its 200-day moving average is $176.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $96.27 and a 12 month high of $203.34. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. 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 (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research reports. Susquehanna decreased their target price on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. Barclays upped their price target on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Bank of America reduced 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. Finally, Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.35.

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.