abrdn plc Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

abrdn plc lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 14.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 450,824 shares of the transportation company’s stock after purchasing an additional 56,358 shares during the period. abrdn plc’s holdings in C.H. Robinson Worldwide were worth $38,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. lifted its stake in shares of C.H. Robinson Worldwide by 15.0% in the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock worth $184,985,000 after buying an additional 280,177 shares in the last quarter. Wellington Management Group LLP increased its position in C.H. Robinson Worldwide by 20.0% during the third quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock worth $145,333,000 after purchasing an additional 280,938 shares during the last quarter. Northern Trust Corp increased its position in C.H. Robinson Worldwide by 15.9% during the third quarter. Northern Trust Corp now owns 1,536,430 shares of the transportation company’s stock worth $132,333,000 after purchasing an additional 211,089 shares during the last quarter. Royal Bank of Canada increased its position in C.H. Robinson Worldwide by 13.0% during the third quarter. Royal Bank of Canada now owns 1,338,395 shares of the transportation company’s stock worth $115,275,000 after purchasing an additional 154,381 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in C.H. Robinson Worldwide by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,024,235 shares of the transportation company’s stock worth $88,217,000 after purchasing an additional 27,377 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 0.6 %

Shares of CHRW stock opened at $70.76 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $8.28 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 3.66 and a beta of 0.72. The company has a 50 day moving average price of $72.82 and a 200 day moving average price of $79.84. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $0.61 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a yield of 3.45%. C.H. Robinson Worldwide’s dividend payout ratio is currently 90.04%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CHRW shares. Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Company cut their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. BMO Capital Markets dropped their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Finally, Bank of America dropped their price target on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $81.21.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.