iA Global Asset Management Inc. Purchases Shares of 5,814 C.H. Robinson Worldwide, Inc. $CHRW

iA Global Asset Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, Holdings Channel.com reports. The firm purchased 5,814 shares of the transportation company’s stock, valued at approximately $935,000.

Several other institutional investors have also added to or reduced their stakes in CHRW. Vermillion & White Wealth Management Group LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $30,000. Clearstead Advisors LLC grew its holdings in 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 buying an additional 128 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. Finally, MUFG Securities EMEA plc purchased a new position in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CHRW shares. TD Cowen raised their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price target for the company in a report on Friday. JPMorgan Chase & Co. raised their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. BMO Capital Markets restated a “market perform” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Finally, Evercore raised their price target on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Seventeen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.27.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $169.72 on Tuesday. The stock has a market cap of $20.00 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 1.63 and a beta of 0.94. 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 50 day moving average price of $172.36 and a 200-day moving average price of $170.16. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year 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 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is 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.