11,745 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 1st quarter, Holdings Channel reports. The firm acquired 11,745 shares of the transportation company’s stock, valued at approximately $1,949,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new position in C.H. Robinson Worldwide in the third quarter worth $27,000. Millstone Evans Group LLC raised its holdings in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $27,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $196.50 on Tuesday. The company has a 50 day moving average price of $181.06 and a 200-day moving average price of $178.38. C.H. Robinson Worldwide, Inc. has a 52 week low of $96.27 and a 52 week high of $203.34. The firm has a market capitalization of $23.16 billion, a PE ratio of 39.78, a P/E/G ratio of 1.67 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 issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share 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 company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on CHRW. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Raymond James Financial dropped their price target on C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research report on Thursday, July 2nd. Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a report on Friday, May 1st. Finally, Susquehanna cut their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.00.

C.H. Robinson Worldwide 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.