Jupiter Asset Management Ltd. Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Jupiter Asset Management Ltd. acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 192,019 shares of the transportation company’s stock, valued at approximately $30,869,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in C.H. Robinson Worldwide by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after purchasing an additional 364,163 shares during the period. State Street Corp raised its holdings in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Boston Partners lifted its stake in C.H. Robinson Worldwide by 6.1% in the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after acquiring an additional 213,245 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in C.H. Robinson Worldwide by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock valued at $514,889,000 after acquiring an additional 16,961 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the topic of a number of research reports. Stifel Nicolaus lifted 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 note on Friday, May 1st. Evercore upped their target price on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. UBS Group set a $160.00 price target on C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Benchmark upped their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Seventeen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.61.

C.H. Robinson Worldwide Price Performance

CHRW opened at $175.41 on Friday. 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 50-day moving average price of $172.63 and a 200-day moving average price of $171.68. The firm has a market cap of $20.68 billion, a PE ratio of 35.51, a P/E/G ratio of 1.52 and a beta of 0.94. 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 (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 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 Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. 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 dividend payout ratio (DPR) is presently 51.01%.

C.H. Robinson Worldwide 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.