Montag A & Associates Inc. Increases Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Montag A & Associates Inc. raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 117.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,039 shares of the transportation company’s stock after acquiring an additional 2,725 shares during the period. Montag A & Associates Inc.’s holdings in C.H. Robinson Worldwide were worth $843,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after buying an additional 364,163 shares in the last quarter. State Street Corp lifted its stake in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Wellington Management Group LLP lifted its stake in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Boston Partners boosted its holdings in C.H. Robinson Worldwide by 6.1% during the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after acquiring an additional 213,245 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in C.H. Robinson Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock valued at $514,889,000 after acquiring an additional 16,961 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CHRW shares. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price objective for the company. in a research note on Monday, June 15th. 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 report on Thursday, April 30th. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Susquehanna reduced their target price on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.35.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $189.95 on Thursday. The stock has a 50-day simple moving average of $180.53 and a 200-day simple moving average of $177.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market capitalization of $22.39 billion, a PE ratio of 38.45, a PEG ratio of 1.65 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 1 year low of $96.27 and a 1 year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. On average, analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio 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.