Dickmeyer Boyce Financial Management Inc. Buys Shares of 3,599 C.H. Robinson Worldwide, Inc. $CHRW

Dickmeyer Boyce Financial Management Inc. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,599 shares of the transportation company’s stock, valued at approximately $598,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CHRW. Gibbs Wealth Management bought a new position in C.H. Robinson Worldwide during the 1st quarter worth $692,000. Sei Investments Co. increased its position in C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after buying an additional 555,631 shares during the period. Lido Advisors LLC lifted its stake in C.H. Robinson Worldwide by 2.9% in the first quarter. Lido Advisors LLC now owns 14,153 shares of the transportation company’s stock valued at $2,359,000 after buying an additional 395 shares during the last quarter. State of Wyoming grew its holdings in C.H. Robinson Worldwide by 119.0% in the 1st quarter. State of Wyoming now owns 1,916 shares of the transportation company’s stock worth $318,000 after buying an additional 1,041 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in C.H. Robinson Worldwide by 10.8% in the 1st quarter. Cetera Investment Advisers now owns 109,938 shares of the transportation company’s stock valued at $18,257,000 after acquiring an additional 10,751 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHRW. BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Barclays lifted 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 research note on Thursday, April 30th. Citigroup initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market outperform” rating on the stock. JPMorgan Chase & Co. boosted their target price 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. Finally, Truist Financial upped their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $199.46.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $205.51 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $96.89 and a twelve month high of $210.33. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average of $187.07 and a two-hundred day moving average of $180.73. The company has a market capitalization of $24.22 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 1.78 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue was down .9% compared to the same quarter last year. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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