Janney Montgomery Scott LLC Has $9.59 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Janney Montgomery Scott LLC boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,989 shares of the transportation company’s stock after purchasing an additional 9,876 shares during the period. Janney Montgomery Scott LLC owned 0.10% of C.H. Robinson Worldwide worth $9,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vision Capital Management Inc. increased its holdings in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock valued at $1,435,000 after purchasing an additional 129 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 3.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after buying an additional 149 shares during the period. Alliance Wealth Advisors LLC UT increased its stake in shares of C.H. Robinson Worldwide by 2.9% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock valued at $503,000 after buying an additional 165 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of C.H. Robinson Worldwide by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 51,934 shares of the transportation company’s stock valued at $4,473,000 after buying an additional 190 shares during the period. Finally, Cognios Beta Neutral Large Cap Fund LP increased its stake in shares of C.H. Robinson Worldwide by 3.4% in the 4th quarter. Cognios Beta Neutral Large Cap Fund LP now owns 5,836 shares of the transportation company’s stock valued at $504,000 after buying an additional 194 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHRW has been the topic of several recent research reports. Raymond James initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. raised their price target on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Wells Fargo & Company reduced their target price on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. BNP Paribas reiterated a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, StockNews.com upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Six analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $82.60.

View Our Latest Report on CHRW

C.H. Robinson Worldwide Trading Up 1.2 %

Shares of C.H. Robinson Worldwide stock opened at $84.11 on Friday. The stock has a market cap of $9.85 billion, a P/E ratio of 33.25, a P/E/G ratio of 3.88 and a beta of 0.75. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $102.24. The business’s 50 day moving average is $74.75 and its 200-day moving average is $79.06.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.61 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is presently 96.44%.

C.H. Robinson Worldwide Profile

(Free Report)

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.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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