Bank Julius Baer & Co. Ltd Zurich Invests $2.56 Million in C.H. Robinson Worldwide, Inc. $CHRW

Bank Julius Baer & Co. Ltd Zurich acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,786 shares of the transportation company’s stock, valued at approximately $2,555,000.

A number of other large investors also recently modified their holdings of the company. Horizon Investments LLC raised its holdings in shares of C.H. Robinson Worldwide by 3.1% in the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after purchasing an additional 58 shares during the period. Signaturefd LLC raised its holdings in shares of C.H. Robinson Worldwide by 3.6% in the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after purchasing an additional 59 shares during the period. Brendel Financial Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 2.2% in the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after purchasing an additional 61 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of C.H. Robinson Worldwide by 2.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock worth $338,000 after purchasing an additional 69 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of C.H. Robinson Worldwide by 7.1% in the 4th quarter. Private Trust Co. NA now owns 1,099 shares of the transportation company’s stock worth $177,000 after purchasing an additional 73 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $163.59 on Friday. 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, Inc. has a 1 year low of $92.36 and a 1 year high of $203.34. The firm has a market cap of $19.28 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 1.59 and a beta of 0.94. The stock has a 50-day simple moving average of $172.66 and a 200-day simple moving average of $169.58.

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 for the quarter, beating 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 firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm earned $1.17 EPS. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays increased their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup upgraded 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 note on Friday. UBS Group set a $160.00 target price on C.H. Robinson Worldwide in a research note on Thursday, January 29th. 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. Finally, Evercore increased their target price on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Seventeen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.27.

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.