Dorsey Wright & Associates Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Dorsey Wright & Associates bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, Holdings Channel reports. The fund bought 7,890 shares of the transportation company’s stock, valued at approximately $1,310,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares during the period. Auto Owners Insurance Co grew its position in shares of C.H. Robinson Worldwide by 15,976.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after purchasing an additional 1,501,744 shares in the last quarter. Norges Bank bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth $236,665,000. Capital World Investors bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth $165,976,000. Finally, Pinebridge Investments LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $103,751,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CHRW shares. Stifel Nicolaus boosted their target price on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America lowered their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a report on Friday, March 27th. TD Cowen lifted their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Finally, Raymond James Financial decreased their price objective on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research report on Thursday, July 2nd. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.62.

C.H. Robinson Worldwide Stock Up 1.3%

Shares of NASDAQ:CHRW opened at $208.50 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $96.27 and a 52-week high of $208.83. The firm has a fifty day moving average of $183.71 and a 200 day moving average of $179.35. The firm has a market capitalization of $24.58 billion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.80 and a beta of 0.91. 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 released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating 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 business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.11 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a dividend of $0.63 per share. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

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.