C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Commerce Bank

Commerce Bank boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,856 shares of the transportation company’s stock after purchasing an additional 4,544 shares during the period. Commerce Bank’s holdings in C.H. Robinson Worldwide were worth $4,048,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vision Capital Management Inc. increased its holdings in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock valued at $1,435,000 after purchasing an additional 129 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in C.H. Robinson Worldwide by 3.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after buying an additional 149 shares during the period. Alliance Wealth Advisors LLC UT boosted its position in C.H. Robinson Worldwide by 2.9% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock valued at $503,000 after buying an additional 165 shares during the period. Kentucky Retirement Systems boosted its position in C.H. Robinson Worldwide by 2.0% in the 4th quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock valued at $806,000 after buying an additional 181 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in C.H. Robinson Worldwide by 13.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock valued at $130,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $86.72 on Monday. The company’s fifty day moving average price is $75.71 and its 200 day moving average price is $79.14. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $100.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $10.15 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.57 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.81%. C.H. Robinson Worldwide’s dividend payout ratio is presently 96.44%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several recent research reports. Bank of America decreased their price target on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. StockNews.com raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and an average target price of $82.60.

View Our Latest Research Report on C.H. Robinson Worldwide

C.H. Robinson Worldwide Profile

(Free Report)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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

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