C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Montag A & Associates Inc.

Montag A & Associates Inc. grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 117.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,039 shares of the transportation company’s stock after buying an additional 2,725 shares during the period. Montag A & Associates Inc.’s holdings in C.H. Robinson Worldwide were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after acquiring an additional 24,788 shares in the last quarter. United Services Automobile Association acquired a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $259,000. Empowered Funds LLC boosted its holdings in C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares in the last quarter. Woodline Partners LP increased its stake in C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CHRW. Raymond James Financial reduced their price objective on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research report on Thursday, July 2nd. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Barclays boosted their price target on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.35.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $189.95 on Thursday. The company has a market capitalization of $22.39 billion, a P/E ratio of 38.45, a PEG ratio of 1.65 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a twelve month low of $96.27 and a twelve month high of $203.34. The business has a 50 day simple moving average of $180.53 and a 200-day simple moving average of $177.77. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 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 period in the previous year, the company posted $1.17 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $0.63 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is currently 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.