Swiss National Bank Raises Position in C.H. Robinson Worldwide, Inc. $CHRW

Swiss National Bank increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 346,700 shares of the transportation company’s stock after purchasing an additional 23,200 shares during the quarter. Swiss National Bank’s holdings in C.H. Robinson Worldwide were worth $57,576,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after buying an additional 24,788 shares during the period. United Services Automobile Association bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $259,000. Empowered Funds LLC increased its holdings in C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after acquiring an additional 350 shares during the last quarter. Woodline Partners LP raised its stake in C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after acquiring an additional 2,930 shares during the period. Finally, Focus Partners Wealth raised its stake in C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after acquiring an additional 359 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.8%

Shares of C.H. Robinson Worldwide stock opened at $209.42 on Wednesday. The company’s 50-day moving average price is $185.27 and its 200-day moving average price is $180.11. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12-month low of $96.89 and a 12-month high of $210.27. The company has a market cap of $24.68 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 1.77 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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. The company 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%. C.H. Robinson Worldwide’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 earnings per share. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. UBS Group boosted their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective for the company. Finally, TD Cowen increased their target price on 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. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.62.

C.H. Robinson Worldwide Company 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.