30,656 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Leuthold Group LLC

Leuthold Group LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,656 shares of the transportation company’s stock, valued at approximately $4,928,000.

A number of other hedge funds have also recently bought and sold shares of CHRW. Wellington Management Group LLP boosted its position in 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 acquiring an additional 4,751,034 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $72,929,000. Raymond James Financial Inc. boosted its position in C.H. Robinson Worldwide by 68.5% during the third quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock worth $139,194,000 after acquiring an additional 427,543 shares during the last quarter. Earnest Partners LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $54,313,000. Finally, State Street Corp boosted its position in C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 2.4%

Shares of CHRW opened at $163.59 on Friday. The firm has a market cap of $19.28 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.63 and a beta of 0.94. The company’s fifty day moving average is $172.66 and its two-hundred day moving average is $169.58. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHRW. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $200.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. UBS Group set a $160.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Benchmark lifted their price target on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $192.27.

About C.H. Robinson Worldwide

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.