BNP Paribas Financial Markets Boosts Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

BNP Paribas Financial Markets lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 247,446 shares of the transportation company’s stock after purchasing an additional 54,370 shares during the period. BNP Paribas Financial Markets’ holdings in C.H. Robinson Worldwide were worth $39,779,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter worth about $30,000. Clearstead Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after buying an additional 128 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $34,000. Finally, MUFG Securities EMEA plc purchased a new stake in C.H. Robinson Worldwide in the second quarter worth about $34,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on CHRW shares. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, May 1st. UBS Group raised their price objective 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. Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. Finally, Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. Seventeen research 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, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $180.74 on Thursday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. The company has a 50 day simple moving average of $173.36 and a two-hundred day simple moving average of $172.46. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 1.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating 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 business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid 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 (DPR) is currently 51.01%.

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.