KBC Group NV Has $37.46 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

KBC Group NV grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.0% in the first quarter, HoldingsChannel.com reports. The fund owned 225,580 shares of the transportation company’s stock after acquiring an additional 10,839 shares during the period. KBC Group NV’s holdings in C.H. Robinson Worldwide were worth $37,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Kertz & Associates Inc. bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $1,557,000. Massachusetts Financial Services Co. MA bought a new position in C.H. Robinson Worldwide during the 4th quarter worth about $3,699,000. New York State Teachers Retirement System increased its holdings in C.H. Robinson Worldwide by 6.0% during the 4th quarter. New York State Teachers Retirement System now owns 104,269 shares of the transportation company’s stock worth $16,762,000 after purchasing an additional 5,877 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $965,000. Finally, Ritholtz Wealth Management boosted its position in shares of C.H. Robinson Worldwide by 378.8% during the fourth quarter. Ritholtz Wealth Management now owns 10,203 shares of the transportation company’s stock worth $1,640,000 after buying an additional 8,072 shares during the period. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of research reports. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a report on Friday, May 1st. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. Raymond James Financial decreased their price target on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research note on Thursday, July 2nd. Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $207.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Finally, Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective on the stock. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $198.62.

C.H. Robinson Worldwide Trading Down 1.3%

Shares of C.H. Robinson Worldwide stock opened at $205.80 on Tuesday. The stock has a market cap of $24.26 billion, a P/E ratio of 41.66, a P/E/G ratio of 1.80 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12-month low of $96.27 and a 12-month high of $209.65. The business’s 50 day moving average is $184.43 and its 200-day moving average is $179.77.

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, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the business earned $1.17 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 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. Stockholders of record on Friday, June 5th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. C.H. Robinson Worldwide’s 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.