TD Asset Management Inc Purchases 245,245 Shares of C.H. Robinson Worldwide, Inc. $CHRW

TD Asset Management Inc boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 778.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 276,737 shares of the transportation company’s stock after purchasing an additional 245,245 shares during the period. TD Asset Management Inc owned about 0.23% of C.H. Robinson Worldwide worth $44,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at approximately $30,000. Clearstead Advisors LLC grew its position in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. Finally, MUFG Securities EMEA plc bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at approximately $34,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Down 0.3%

Shares of CHRW stock opened at $184.09 on Friday. The company’s fifty day simple moving average is $173.96 and its two-hundred day simple moving average is $172.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 1 year low of $92.36 and a 1 year high of $203.34. The stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 1.59 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (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 analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts anticipate 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. Shareholders 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 yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHRW. Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $200.00 in a research report on Wednesday, May 20th. Wells Fargo & Company increased their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Seventeen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Company Profile

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.