C.H. Robinson Worldwide, Inc. $CHRW Stock Position Raised by Saudi Central Bank

Saudi Central Bank lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 89.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,250 shares of the transportation company’s stock after buying an additional 3,889 shares during the quarter. Saudi Central Bank’s holdings in C.H. Robinson Worldwide were worth $1,554,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $27,000. NBH Bank acquired a new position in C.H. Robinson Worldwide during the second quarter worth $29,000. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares during the last quarter. Finally, DV Equities LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $27,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHRW. Stifel Nicolaus increased their target price on C.H. Robinson Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Evercore reaffirmed an “outperform” rating and set a $237.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Robert W. Baird reduced their price target on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Truist Financial boosted their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Finally, BMO Capital Markets lifted their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.56.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $150.10 on Wednesday. The firm has a market capitalization of $17.54 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33. The firm has a 50-day moving average price of $166.89 and a 200 day moving average price of $173.60.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

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.