International Assets Investment Management LLC Acquires Shares of 11,235 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

International Assets Investment Management LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,235 shares of the transportation company’s stock, valued at approximately $9,710,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $70,174,000. State Street Corp lifted its stake in shares of C.H. Robinson Worldwide by 4.3% during the 1st quarter. State Street Corp now owns 8,916,720 shares of the transportation company’s stock worth $891,417,000 after acquiring an additional 365,084 shares during the last quarter. Bank of America Corp DE boosted its holdings in C.H. Robinson Worldwide by 64.9% during the 1st quarter. Bank of America Corp DE now owns 779,362 shares of the transportation company’s stock valued at $77,445,000 after acquiring an additional 306,755 shares during the period. Royal Bank of Canada grew its position in C.H. Robinson Worldwide by 31.6% in the 2nd quarter. Royal Bank of Canada now owns 1,184,014 shares of the transportation company’s stock valued at $111,712,000 after acquiring an additional 284,103 shares during the last quarter. Finally, Eaton Vance Management increased its stake in C.H. Robinson Worldwide by 27.0% in the first quarter. Eaton Vance Management now owns 1,328,146 shares of the transportation company’s stock worth $143,054,000 after purchasing an additional 282,532 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHRW. Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday. Barclays reaffirmed an “underweight” rating and set a $65.00 target price (down from $80.00) on shares of C.H. Robinson Worldwide in a research report on Monday, April 1st. BNP Paribas reiterated a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. decreased their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. Six analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $82.57.

C.H. Robinson Worldwide Stock Down 2.3 %

Shares of C.H. Robinson Worldwide stock opened at $70.48 on Friday. The company has a market cap of $8.25 billion, a P/E ratio of 26.01, a PEG ratio of 3.64 and a beta of 0.72. C.H. Robinson Worldwide, Inc. has a 52-week low of $69.11 and a 52-week high of $106.14. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average price is $73.42 and its 200-day moving average price is $80.56.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results 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). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.35 billion. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 3.31 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is presently 90.04%.

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.