3,580 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,580 shares of the transportation company’s stock, valued at approximately $576,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in C.H. Robinson Worldwide by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after acquiring an additional 364,163 shares during the last quarter. State Street Corp boosted its position in shares of 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 valued at $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Boston Partners grew its holdings in shares of C.H. Robinson Worldwide by 6.1% in the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after purchasing an additional 213,245 shares in the last quarter. Finally, First Trust Advisors LP increased its position in C.H. Robinson Worldwide by 5.1% in the third quarter. First Trust Advisors LP now owns 1,550,029 shares of the transportation company’s stock worth $205,224,000 after purchasing an additional 75,312 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CHRW shares. Evercore upped their price target on shares of 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. Raymond James Financial set a $210.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, April 30th. Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Benchmark increased their price target on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, 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 research report on Friday, May 15th. Eighteen research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.61.

C.H. Robinson Worldwide Trading Down 1.4%

CHRW opened at $178.13 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. The stock’s 50 day moving average price is $172.25 and its 200-day moving average price is $170.82. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of 1.56 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.05 billion. During the same quarter in the prior year, the company posted $1.17 EPS. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 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.