North Dakota State Investment Board Buys Shares of 11,186 C.H. Robinson Worldwide, Inc. $CHRW

North Dakota State Investment Board bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 11,186 shares of the transportation company’s stock, valued at approximately $1,798,000.

Several other institutional investors also recently bought and sold shares of the company. Mairs & Power Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after buying an additional 6,188 shares during the period. Transcend Capital Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $460,000. Raiffeisen Bank International AG purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $937,000. Jones Kertz & Associates Inc. purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $1,557,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of C.H. Robinson Worldwide by 8,726.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after buying an additional 17,452 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $173.02 on Wednesday. The stock has a 50 day moving average price of $172.23 and a 200 day moving average price of $170.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $20.39 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion during 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 earnings per share. Research 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several recent research reports. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a research note on Friday, May 1st. Raymond James Financial set a $210.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, April 30th. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, Susquehanna decreased their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.27.

C.H. Robinson Worldwide Company 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.