Dynamic Technology Lab Private Ltd Takes $1.70 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

Dynamic Technology Lab Private Ltd bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,597 shares of the transportation company’s stock, valued at approximately $1,704,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CHRW. Bank of Jackson Hole Trust acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $30,000. Clearstead Advisors LLC grew its position in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after buying an additional 128 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Barclays raised their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Susquehanna decreased their price target on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Trading Up 1.4%

Shares of CHRW stock opened at $193.74 on Friday. The stock’s fifty day moving average price is $176.44 and its two-hundred day moving average price is $174.12. The company has a market cap of $22.84 billion, a PE ratio of 39.22, a P/E/G ratio of 1.65 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current 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 for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

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.