Electron Capital Partners LLC Purchases Shares of 341,356 C.H. Robinson Worldwide, Inc. $CHRW

Electron Capital Partners LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 341,356 shares of the transportation company’s stock, valued at approximately $56,689,000. C.H. Robinson Worldwide makes up approximately 2.2% of Electron Capital Partners LLC’s investment portfolio, making the stock its 16th biggest position.

Other large investors also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock worth $11,081,000 after purchasing an additional 55,005 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of C.H. Robinson Worldwide by 38.1% in the first quarter. Quantinno Capital Management LP now owns 132,259 shares of the transportation company’s stock valued at $21,964,000 after buying an additional 36,468 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $296,000. OMERS ADMINISTRATION Corp raised its holdings in shares of C.H. Robinson Worldwide by 196.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 12,409 shares of the transportation company’s stock valued at $2,061,000 after buying an additional 8,227 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth approximately $719,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several recent analyst reports. UBS Group raised their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Stifel Nicolaus lifted their price target 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. Citigroup initiated coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market outperform” rating on the stock. TD Cowen lifted their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.46.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $174.46 on Tuesday. The business has a fifty day simple moving average of $187.62 and a 200-day simple moving average of $180.92. C.H. Robinson Worldwide, Inc. has a 12 month low of $96.89 and a 12 month high of $210.33. The stock has a market cap of $20.56 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 1.60 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 (NASDAQ:CHRW) last released its quarterly earnings data 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 firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned $1.17 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.12 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

C.H. Robinson Worldwide 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.