Tidal Investments LLC Grows Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Tidal Investments LLC increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,614 shares of the transportation company’s stock after acquiring an additional 4,521 shares during the period. Tidal Investments LLC’s holdings in C.H. Robinson Worldwide were worth $7,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. California State Teachers Retirement System grew its stake in shares of C.H. Robinson Worldwide by 16,583.8% during the 2nd quarter. California State Teachers Retirement System now owns 39,473,051 shares of the transportation company’s stock worth $7,434,354,000 after purchasing an additional 39,236,456 shares during the period. State Street Corp lifted its stake in shares of C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after purchasing an additional 397,177 shares during the period. Wellington Management Group LLP lifted its stake in shares of C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares during the period. Boston Partners boosted its holdings in C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after buying an additional 213,245 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide during the first quarter valued at $579,922,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $152.78 on Friday. The firm’s fifty day simple moving average is $164.59 and its two-hundred day simple moving average is $172.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33. The company has a market cap of $17.85 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.29 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the company earned $1.29 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 48.09%.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. TD Cowen cut their price objective on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. UBS Group increased their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Weiss Ratings lowered C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Robert W. Baird reduced their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Finally, BMO Capital Markets increased their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $196.56.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.