SG Americas Securities LLC Purchases 27,771 Shares of C.H. Robinson Worldwide, Inc. $CHRW

SG Americas Securities LLC lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 141.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 47,438 shares of the transportation company’s stock after purchasing an additional 27,771 shares during the quarter. SG Americas Securities LLC’s holdings in C.H. Robinson Worldwide were worth $7,878,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. raised its position in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after buying an additional 24,788 shares during the last quarter. United Services Automobile Association bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $259,000. Empowered Funds LLC raised its holdings in shares of C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares during the last quarter. Woodline Partners LP lifted its position in shares of C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.5%

C.H. Robinson Worldwide stock opened at $179.38 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The company’s 50-day moving average is $179.63 and its 200-day moving average is $175.89. The firm has a market capitalization of $21.14 billion, a PE ratio of 36.31, a P/E/G ratio of 1.55 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $93.47 and a fifty-two week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (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 business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the business posted $1.17 EPS. C.H. Robinson Worldwide’s revenue was down .9% on a year-over-year basis. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share 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. Stockholders of record on Friday, June 5th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of analyst reports. UBS Group raised their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. boosted their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Stifel Nicolaus increased their price objective on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, 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 report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.65.

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.