C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Position Increased by Commerce Bank

Commerce Bank boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,856 shares of the transportation company’s stock after purchasing an additional 4,544 shares during the quarter. Commerce Bank’s holdings in C.H. Robinson Worldwide were worth $4,048,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Montag A & Associates Inc. bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $30,000. Pacific Center for Financial Services bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $34,000. Larson Financial Group LLC lifted its position in C.H. Robinson Worldwide by 139.0% in the 4th quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock valued at $74,000 after purchasing an additional 495 shares during the last quarter. Quadrant Capital Group LLC lifted its position in C.H. Robinson Worldwide by 13.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 184 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $140,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Bank of America dropped their price target on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. Susquehanna boosted their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. boosted their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company dropped their price target on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. Six analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.60.

Read Our Latest Research Report on CHRW

C.H. Robinson Worldwide Stock Up 2.5 %

NASDAQ CHRW opened at $86.72 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The company’s 50 day simple moving average is $75.71 and its 200 day simple moving average is $79.14. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $100.88. The company has a market capitalization of $10.15 billion, a P/E ratio of 34.28, a PEG ratio of 2.57 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.26. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 96.44%.

C.H. Robinson Worldwide Company Profile

(Free Report)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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