C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 60.3% in the first quarter, Holdings Channel.com reports. The firm owned 16,353 shares of the transportation company’s stock after acquiring an additional 6,150 shares during the quarter. Ritholtz Wealth Management’s holdings in C.H. Robinson Worldwide were worth $2,716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHRW. Bank of Jackson Hole Trust acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $27,000. DV Equities LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $30,000. Finally, Clearstead Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.5%

Shares of NASDAQ:CHRW opened at $179.38 on Friday. The company has a market capitalization of $21.14 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 1.56 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 12-month low of $93.47 and a 12-month high of $203.34. The business has a 50-day moving average price of $179.63 and a 200 day moving average price of $175.89. 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 posted 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. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CHRW. Bank of America dropped their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. UBS Group lifted their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Stifel Nicolaus increased their price target on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price target for the company. in a report on Monday, June 15th. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.65.

About C.H. Robinson Worldwide

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.