K.J. Harrison & Partners Inc Buys New Stake in C.H. Robinson Worldwide, Inc. $CHRW

K.J. Harrison & Partners Inc purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the transportation company’s stock, valued at approximately $664,000.

A number of other large investors also recently modified their holdings of CHRW. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $25,000. DV Equities LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $27,000. Bayban acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $32,000. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $27,000. Finally, Western Pacific Wealth Management LP acquired a new stake in C.H. Robinson Worldwide in the fourth quarter worth approximately $36,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CHRW shares. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a report on Friday, May 1st. TD Cowen lifted their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report 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 research report on Monday, June 1st. Finally, Barclays raised their price objective on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.35.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $189.85 on Monday. The firm has a market cap of $22.38 billion, a PE ratio of 38.43, a P/E/G ratio of 1.64 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $180.24 and a 200-day simple moving average of $177.17. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $96.27 and a fifty-two week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results 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 return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

C.H. Robinson Worldwide 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.