Allstate Corp Has $1.39 Million Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Allstate Corp lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 110.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,671 shares of the transportation company’s stock after acquiring an additional 4,550 shares during the period. Allstate Corp’s holdings in C.H. Robinson Worldwide were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CHRW. Goldman Sachs Group Inc. grew its holdings in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after purchasing an additional 24,788 shares during the last quarter. United Services Automobile Association bought a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $259,000. Empowered Funds LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after purchasing an additional 350 shares during the last quarter. Woodline Partners LP grew its holdings in shares of C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 1.8%

NASDAQ:CHRW opened at $178.65 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $21.06 billion, a PE ratio of 36.16, a PEG ratio of 1.52 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The stock has a 50-day simple moving average of $172.79 and a 200 day simple moving average of $171.73.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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 firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $1.17 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research analyst reports. JPMorgan Chase & Co. increased 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. Susquehanna decreased their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Wells Fargo & Company increased their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Raymond James Financial set a $210.00 target price on C.H. Robinson Worldwide in a report on Thursday, April 30th. Finally, Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Seventeen research analysts have rated the stock with a Buy rating, five 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 currently has a consensus rating of “Moderate Buy” and an average price target of $192.61.

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.