Financiere des Professionnels Fonds d investissement inc. Acquires New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,705 shares of the transportation company’s stock, valued at approximately $1,778,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $25,000. Millstone Evans Group LLC lifted its position in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Finally, Bayban acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $32,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $208.50 on Friday. The business has a 50 day moving average price of $183.71 and a 200 day moving average price of $179.35. The stock has a market cap of $24.58 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.77 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $96.27 and a fifty-two week high of $208.83. 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 announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS 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 company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. Equities research analysts anticipate 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 business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a $0.63 dividend. 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 dividend payout ratio is presently 51.01%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHRW. UBS Group upped their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Truist Financial boosted their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus upped their price objective on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Seventeen research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $198.62.

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.