North Dakota State Investment Board Acquires Shares of 11,186 C.H. Robinson Worldwide, Inc. $CHRW

North Dakota State Investment Board acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,186 shares of the transportation company’s stock, valued at approximately $1,798,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Goldman Sachs Group Inc. lifted its holdings in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after purchasing an additional 24,788 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $259,000. Empowered Funds LLC increased its stake in shares of C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after acquiring an additional 350 shares during the last quarter. Woodline Partners LP increased its stake in shares of C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after acquiring an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after acquiring an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.9%

Shares of NASDAQ:CHRW opened at $173.02 on Wednesday. The business has a 50-day moving average price of $172.23 and a 200 day moving average price of $170.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $20.39 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 1.69 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $92.36 and a 12-month high of $203.34.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CHRW shares. Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group set a $160.00 target price on C.H. Robinson Worldwide in a research note on Thursday, January 29th. Evercore raised their target price on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised their target price on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Truist Financial raised their target price on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Seventeen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.27.

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.