Parkside Financial Bank & Trust Boosts Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Parkside Financial Bank & Trust lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3,958.5% during the second quarter, HoldingsChannel reports. The firm owned 14,570 shares of the transportation company’s stock after purchasing an additional 14,211 shares during the quarter. Parkside Financial Bank & Trust’s holdings in C.H. Robinson Worldwide were worth $2,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CHRW. California State Teachers Retirement System increased its stake in C.H. Robinson Worldwide by 16,583.8% during the 2nd quarter. California State Teachers Retirement System now owns 39,473,051 shares of the transportation company’s stock worth $7,434,354,000 after buying an additional 39,236,456 shares during the period. Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 198.6% in 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 buying an additional 4,751,034 shares during the last quarter. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Auto Owners Insurance Co grew its stake in shares of C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after acquiring an additional 1,501,744 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $236,665,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $147.64 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 1 year low of $123.64 and a 1 year high of $210.33. The firm’s 50-day simple moving average is $167.66 and its 200-day simple moving average is $173.85. The firm has a market cap of $17.25 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Truist Financial raised 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Citigroup cut their target price on C.H. Robinson Worldwide from $204.00 to $196.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $197.00.

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.