Westfield Capital Management Co. LP Has $89.46 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

Westfield Capital Management Co. LP boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 556,472 shares of the transportation company’s stock after purchasing an additional 5,647 shares during the quarter. Westfield Capital Management Co. LP’s holdings in C.H. Robinson Worldwide were worth $89,458,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CHRW. Vanguard Group Inc. lifted its stake in C.H. Robinson Worldwide by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after acquiring an additional 364,163 shares in the last quarter. State Street Corp lifted its stake in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Wellington Management Group LLP lifted its stake in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Boston Partners lifted its stake in C.H. Robinson Worldwide by 6.1% during the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after acquiring an additional 213,245 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in C.H. Robinson Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock valued at $514,889,000 after acquiring an additional 16,961 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. UBS Group raised their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Trading Up 2.2%

NASDAQ CHRW opened at $184.78 on Friday. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 1.56 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The business’s fifty day moving average is $173.67 and its 200-day moving average is $172.69.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping 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 return on equity of 35.49% and a net margin of 3.70%.The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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