iA Global Asset Management Inc. Buys Shares of 5,814 C.H. Robinson Worldwide, Inc. $CHRW

iA Global Asset Management Inc. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,814 shares of the transportation company’s stock, valued at approximately $935,000.

Other institutional investors also recently bought and sold shares of the company. Mairs & Power Inc. lifted its holdings in C.H. Robinson Worldwide by 0.7% in the third quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after acquiring an additional 6,188 shares during the period. Transcend Capital Advisors LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at about $460,000. Raiffeisen Bank International AG bought a new position in C.H. Robinson Worldwide in the third quarter valued at about $937,000. Jones Kertz & Associates Inc. bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $1,557,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in C.H. Robinson Worldwide by 8,726.0% in the third quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 17,452 shares during the period. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a report on Friday, May 1st. Stifel Nicolaus increased their target price on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings raised C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Susquehanna lowered their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Finally, UBS Group set a $160.00 target price on C.H. Robinson Worldwide in a report on Thursday, January 29th. Seventeen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $192.27.

C.H. Robinson Worldwide Stock Up 3.7%

Shares of CHRW opened at $169.72 on Tuesday. The business’s 50 day moving average is $172.36 and its 200 day moving average is $170.16. The company has a market capitalization of $20.00 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 1.63 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $92.36 and a 12-month high of $203.34. 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 issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. The company 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 firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. Research analysts expect 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. Investors of record on Friday, June 5th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 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.