Sei Investments Co. Acquires 555,631 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Sei Investments Co. lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 532.7% during the first quarter, HoldingsChannel.com reports. The fund owned 659,932 shares of the transportation company’s stock after buying an additional 555,631 shares during the quarter. Sei Investments Co.’s holdings in C.H. Robinson Worldwide were worth $109,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $25,000. Millstone Evans Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 79.8% during 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 period. DV Equities LLC purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at about $27,000. Cornerstone Planning Group LLC increased its holdings in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after buying an additional 67 shares during the period. Finally, Bayban acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $32,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $205.51 on Friday. The firm has a market capitalization of $24.22 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $96.89 and a fifty-two week high of $210.33. The stock’s 50-day simple moving average is $187.07 and its 200-day simple moving average is $180.73.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its 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 analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.12 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.2%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CHRW shares. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Truist Financial increased their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. TD Cowen boosted their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Citigroup initiated coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market outperform” rating on the stock. Finally, Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $199.46.

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.