198,700 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 198,700 shares of the transportation company’s stock, valued at approximately $31,946,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $27,000. Western Pacific Wealth Management LP acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $36,000. Hantz Financial Services Inc. grew its holdings in C.H. Robinson Worldwide by 56.2% during the fourth quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 82 shares during the last quarter. Clearstead Advisors LLC grew its holdings in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Finally, Park Place Capital Corp acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.8%

Shares of CHRW stock opened at $178.65 on Friday. The stock has a market cap of $21.06 billion, a P/E ratio of 36.16, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The stock has a fifty day moving average price of $172.79 and a 200 day moving average price of $171.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.C.H. Robinson Worldwide’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business earned $1.17 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price target on the stock in a report on Friday, May 15th. TD Cowen increased their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Barclays increased their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company increased 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. Seventeen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.