Tobam Raises Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Tobam raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 667.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,934 shares of the transportation company’s stock after buying an additional 5,161 shares during the period. Tobam’s holdings in C.H. Robinson Worldwide were worth $954,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Norges Bank bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $236,665,000. Capital World Investors purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $165,976,000. Pinebridge Investments LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $103,751,000. Finally, Westfield Capital Management Co. LP bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $72,929,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $185.04 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average is $178.28 and its 200 day moving average is $175.14. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 1.60 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping 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 business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the company posted $1.17 EPS. The business’s revenue was down .9% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analyst Weigh In

CHRW has been the topic of several recent analyst reports. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. UBS Group lifted their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a report on Monday, June 1st. Bank of America decreased their price target on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Finally, Barclays increased their price objective on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.65.

C.H. Robinson Worldwide 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.