Jefferies Financial Group Inc. Invests $1.95 Million in C.H. Robinson Worldwide, Inc. $CHRW

Jefferies Financial Group Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,114 shares of the transportation company’s stock, valued at approximately $1,947,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mairs & Power Inc. increased its stake in shares of C.H. Robinson Worldwide by 0.7% during the third quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after purchasing an additional 6,188 shares in the last quarter. Transcend Capital Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth approximately $460,000. Raiffeisen Bank International AG acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth approximately $937,000. Jones Kertz & Associates Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth approximately $1,557,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of C.H. Robinson Worldwide by 8,726.0% in the third quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock worth $2,341,000 after acquiring an additional 17,452 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CHRW shares. Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price target on the stock in a research note on Friday, May 15th. Susquehanna decreased their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Evercore raised their price target on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Seventeen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $192.61.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of CHRW opened at $176.49 on Thursday. 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 $92.36 and a 12-month high of $203.34. The firm has a 50-day moving average price of $172.56 and a 200 day moving average price of $171.50. The firm has a market capitalization of $20.80 billion, a P/E ratio of 35.73, a P/E/G ratio of 1.54 and a beta of 0.94.

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, 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 business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is currently 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.