State Street Corp Raises Stock Holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

State Street Corp increased its stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 5.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,202,429 shares of the transportation company’s stock after purchasing an additional 490,115 shares during the quarter. State Street Corp owned approximately 6.84% of C.H. Robinson Worldwide worth $609,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CHRW. First Eagle Investment Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 25.6% during the 1st quarter. First Eagle Investment Management LLC now owns 10,737,988 shares of the transportation company’s stock worth $710,855,000 after purchasing an additional 2,190,937 shares during the last quarter. Parnassus Investments CA purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $110,177,000. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $100,417,000. ArrowMark Colorado Holdings LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $77,602,000. Finally, Alliancebernstein L.P. lifted its stake in shares of C.H. Robinson Worldwide by 60.1% during the 4th quarter. Alliancebernstein L.P. now owns 2,595,569 shares of the transportation company’s stock worth $202,973,000 after purchasing an additional 974,282 shares during the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.

Several research analysts recently issued reports on the company. Citigroup upped their target price on C.H. Robinson Worldwide from $67.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday. Stephens reaffirmed a “buy” rating and set a $84.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, May 21st. BidaskClub lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Oppenheimer assumed coverage on C.H. Robinson Worldwide in a research report on Tuesday, April 28th. They set a “hold” rating on the stock. Finally, UBS Group upped their target price on C.H. Robinson Worldwide from $78.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $79.00.

Shares of CHRW opened at $80.50 on Thursday. C.H. Robinson Worldwide Inc has a 52 week low of $56.94 and a 52 week high of $91.23. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 3.18 and a beta of 0.58. The stock’s 50-day moving average price is $79.29 and its 200-day moving average price is $74.25.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.12). C.H. Robinson Worldwide had a return on equity of 29.94% and a net margin of 3.21%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the previous year, the company earned $1.16 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that C.H. Robinson Worldwide Inc will post 2.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.53%. C.H. Robinson Worldwide’s payout ratio is 48.69%.

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 1,480 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $77.64, for a total transaction of $114,907.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John Wiehoff sold 221,267 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $71.09, for a total value of $15,729,871.03. Following the transaction, the chairman now owns 574,919 shares in the company, valued at approximately $40,870,991.71. The disclosure for this sale can be found here. Insiders sold 223,016 shares of company stock worth $15,865,733 in the last 90 days. Company insiders own 1.82% of the company’s stock.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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