Jupiter Asset Management Ltd. Purchases New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Jupiter Asset Management Ltd. acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 192,019 shares of the transportation company’s stock, valued at approximately $30,869,000. Jupiter Asset Management Ltd. owned about 0.16% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the second quarter valued at about $30,000. Clearstead Advisors LLC grew its position in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.6%

Shares of CHRW opened at $175.41 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $92.36 and a 1-year high of $203.34. The company has a market capitalization of $20.68 billion, a P/E ratio of 35.51, a P/E/G ratio of 1.52 and a beta of 0.94. 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 firm’s 50 day simple moving average is $172.63 and its 200 day simple moving average is $171.68.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm posted $1.17 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

Analyst Ratings Changes

Several equities analysts have weighed in on CHRW shares. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price for the company in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $200.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st. Finally, TD Cowen lifted their price objective 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. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.61.

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.