Parkside Financial Bank & Trust Raises Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Parkside Financial Bank & Trust boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3,958.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,570 shares of the transportation company’s stock after buying an additional 14,211 shares during the quarter. Parkside Financial Bank & Trust’s holdings in C.H. Robinson Worldwide were worth $2,639,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Argent Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $5,017,000. Amundi boosted its position in C.H. Robinson Worldwide by 24.7% during the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock worth $56,227,000 after acquiring an additional 67,108 shares during the last quarter. Empowered Funds LLC boosted its position in C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock worth $11,081,000 after acquiring an additional 55,005 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $10,997,000. Finally, Dimensional Fund Advisors LP grew its stake in C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after acquiring an additional 25,674 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. BMO Capital Markets increased 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 note on Monday, July 13th. Susquehanna upped their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Citigroup lowered their price target on C.H. Robinson Worldwide from $204.00 to $196.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Finally, TD Cowen dropped their price objective on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating for the company in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $197.00.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $147.64 on Tuesday. The firm has a fifty day moving average of $167.66 and a 200-day moving average of $173.85. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $17.25 billion, a P/E ratio of 28.18, a PEG ratio of 1.25 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

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.