Dynamic Technology Lab Private Ltd Buys Shares of 10,597 C.H. Robinson Worldwide, Inc. $CHRW

Dynamic Technology Lab Private Ltd purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,597 shares of the transportation company’s stock, valued at approximately $1,704,000.

Other hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $27,000. Western Pacific Wealth Management LP acquired a new position in C.H. Robinson Worldwide in the 4th quarter worth about $36,000. Hantz Financial Services Inc. increased its holdings in C.H. Robinson Worldwide by 56.2% in the 4th quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock worth $37,000 after purchasing an additional 82 shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.4%

Shares of CHRW opened at $193.74 on Friday. The company has a market capitalization of $22.84 billion, a PE ratio of 39.22, a PEG ratio of 1.65 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34. The stock’s 50-day moving average price is $176.44 and its two-hundred day moving average price is $174.12. 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 (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a report on Friday, May 1st. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Stifel Nicolaus upped their target price on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company upped their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Susquehanna lowered their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.65.

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.