Hsbc Holdings PLC Increases Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Hsbc Holdings PLC increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 21.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 311,796 shares of the transportation company’s stock after acquiring an additional 54,349 shares during the quarter. Hsbc Holdings PLC’s holdings in C.H. Robinson Worldwide were worth $50,141,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $27,000. DV Equities LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Finally, Clearstead Advisors LLC grew its position in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after acquiring an additional 128 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. TD Cowen raised their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Susquehanna reduced their price objective on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company upped their target price on shares of 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. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.65.

C.H. Robinson Worldwide Stock Down 4.4%

Shares of NASDAQ CHRW opened at $178.84 on Wednesday. The firm has a market cap of $21.08 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 1.62 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The business’s 50 day moving average is $178.92 and its two-hundred day moving average is $175.57.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results 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 return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current 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 paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

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.