C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 40.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,137 shares of the transportation company’s stock after buying an additional 1,199 shares during the period. Federated Hermes Inc.’s holdings in C.H. Robinson Worldwide were worth $357,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $31,000. Pacific Center for Financial Services acquired a new position in C.H. Robinson Worldwide in the third quarter worth approximately $34,000. Headlands Technologies LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $140,000. IMPACTfolio LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $206,000. Finally, Dana Investment Advisors Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth $206,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BNP Paribas restated a “neutral” rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Bank of America decreased their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. BMO Capital Markets upped their price target on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Susquehanna upped their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $82.60.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $81.20 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.40. The stock has a market capitalization of $9.50 billion, a P/E ratio of 32.09, a P/E/G ratio of 4.16 and a beta of 0.75. The business has a 50-day moving average of $72.85 and a two-hundred day moving average of $79.15. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $105.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is currently 96.44%.

C.H. Robinson Worldwide Profile

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.