Oak Thistle LLC Invests $612,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Oak Thistle LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,082 shares of the transportation company’s stock, valued at approximately $612,000.

Other hedge funds also recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter worth about $30,000. West Tower Group LLC acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter worth about $31,000. Larson Financial Group LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $31,000. Pacific Center for Financial Services acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $34,000. Finally, Avior Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 71.4% in the 3rd quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock worth $37,000 after purchasing an additional 177 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. JPMorgan Chase & Co. dropped their target price on shares of C.H. Robinson Worldwide from $78.00 to $75.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. BMO Capital Markets dropped their target price on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Finally, BNP Paribas restated a “neutral” rating and issued a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus price target of $82.93.

View Our Latest Research Report on CHRW

C.H. Robinson Worldwide Trading Down 0.6 %

Shares of C.H. Robinson Worldwide stock opened at $71.77 on Thursday. The firm has a market capitalization of $8.40 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 3.63 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $74.92 and its 200 day moving average is $81.29. C.H. Robinson Worldwide, Inc. has a 1 year low of $69.11 and a 1 year high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.30). The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.36 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 90.04%.

C.H. Robinson Worldwide Profile

(Free Report)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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