OMERS ADMINISTRATION Corp Grows Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

OMERS ADMINISTRATION Corp grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 196.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 12,409 shares of the transportation company’s stock after acquiring an additional 8,227 shares during the period. OMERS ADMINISTRATION Corp’s holdings in C.H. Robinson Worldwide were worth $2,061,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Auto Owners Insurance Co raised its position in C.H. Robinson Worldwide by 15,976.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after purchasing an additional 1,501,744 shares during the period. Norges Bank purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth $236,665,000. Finally, Capital World Investors bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth $165,976,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 2.9%

NASDAQ:CHRW opened at $169.34 on Wednesday. The company’s 50 day moving average price is $187.55 and its 200-day moving average price is $180.93. 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 52 week low of $96.89 and a 52 week high of $210.33. The stock has a market cap of $19.96 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 1.50 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping 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 firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.12 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 issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Truist Financial raised their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Susquehanna boosted their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research note on Tuesday. Finally, TD Cowen dropped their price target on C.H. Robinson Worldwide from $200.00 to $155.00 and set a “hold” rating for the company in a research note on Tuesday. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $194.84.

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.