Principal Financial Group Inc. Increases Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Principal Financial Group Inc. boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 44.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,580 shares of the transportation company’s stock after acquiring an additional 133,497 shares during the quarter. Principal Financial Group Inc.’s holdings in C.H. Robinson Worldwide were worth $72,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vestcor Inc raised its stake in shares of C.H. Robinson Worldwide by 0.8% in the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock worth $1,029,000 after purchasing an additional 51 shares during the last quarter. Horizon Investments LLC raised its position in 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 buying an additional 58 shares during the last quarter. Signaturefd LLC raised its position in 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 buying an additional 59 shares during the last quarter. Brendel Financial Advisors LLC lifted its stake in C.H. Robinson Worldwide by 2.2% during the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after acquiring an additional 61 shares during the period. Finally, Elevation Point Wealth Partners LLC boosted its holdings in shares of C.H. Robinson Worldwide by 1.7% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 4,108 shares of the transportation company’s stock valued at $663,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Trending Headlines about C.H. Robinson Worldwide

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Truist Financial raised its price target on C.H. Robinson Worldwide to $215 from $210 and reiterated a buy rating, signaling continued confidence in the company’s outlook. Truist price target raise report
• Positive Sentiment: Stifel Nicolaus also lifted its price target to $215 from $207 and kept a buy rating, adding to the bullish analyst momentum. Stifel price target raise report
• Positive Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 target, which is above the current trading level and may still support investor sentiment. Citizens JMP coverage initiation
• Neutral Sentiment: A Zacks comparison article weighing ZTO Express against CHRW highlights valuation considerations, but it does not appear to include a major new catalyst for the stock. Zacks comparison article
• Neutral Sentiment: Susquehanna issued a positive forecast for C.H. Robinson Worldwide, reinforcing expectations that analysts see room for further upside. Susquehanna forecast report

C.H. Robinson Worldwide Stock Performance

CHRW opened at $205.75 on Friday. The company’s 50 day moving average is $182.97 and its 200 day moving average is $179.14. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a market cap of $24.25 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 1.70 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 12-month low of $96.27 and a 12-month high of $208.70.

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, beating analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 earnings per share. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Citigroup assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday. They set a “market outperform” rating for the company. Bank of America lowered their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Finally, UBS Group raised their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $198.62.

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.