Ritholtz Wealth Management Increases Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Ritholtz Wealth Management boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 60.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,353 shares of the transportation company’s stock after buying 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. Friedenthal Financial purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $1,074,000. Blue Trust Inc. increased its stake in shares of C.H. Robinson Worldwide by 293.0% in the 1st quarter. Blue Trust Inc. now owns 2,621 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 1,954 shares in the last quarter. OP Asset Management Ltd purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $2,937,000. Banque Cantonale Vaudoise acquired a new position in C.H. Robinson Worldwide in the 1st quarter worth about $1,531,000. Finally, Assenagon Asset Management S.A. boosted its position in C.H. Robinson Worldwide by 1.7% during the first quarter. Assenagon Asset Management S.A. now owns 6,881 shares of the transportation company’s stock worth $1,143,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CHRW shares. Barclays raised their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their target price on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. UBS Group boosted their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $179.38 on Friday. The company has a market cap of $21.14 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.56 and a beta of 0.91. The stock’s 50 day simple moving average is $179.63 and its 200-day simple moving average is $175.89. C.H. Robinson Worldwide, Inc. has a 1-year low of $93.47 and a 1-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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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 issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

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.