William Blair Investment Management LLC Purchases New Position in C.H. Robinson Worldwide, Inc. $CHRW

William Blair Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, Holdings Channel reports. The fund purchased 437,501 shares of the transportation company’s stock, valued at approximately $70,333,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. Goldman Sachs Group Inc. boosted its holdings in C.H. Robinson Worldwide by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after purchasing an additional 24,788 shares during the last quarter. United Services Automobile Association bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at $259,000. Empowered Funds LLC raised its position in shares of C.H. Robinson Worldwide by 2.3% during the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares during the period. Woodline Partners LP raised its position in shares of C.H. Robinson Worldwide by 41.3% during the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 2,930 shares during the period. Finally, Focus Partners Wealth raised its position in shares of C.H. Robinson Worldwide by 9.9% during the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $174.23 on Monday. The company has a 50 day moving average price of $172.22 and a 200-day moving average price of $170.98. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. The stock has a market capitalization of $20.54 billion, a PE ratio of 35.27, a PEG ratio of 1.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHRW. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $200.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Evercore lifted their price target on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Truist Financial boosted their price objective on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Seventeen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $192.61.

C.H. Robinson Worldwide Company 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.