KBC Group NV Has $2.27 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

KBC Group NV reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 30.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,297 shares of the transportation company’s stock after selling 11,498 shares during the period. KBC Group NV’s holdings in C.H. Robinson Worldwide were worth $2,272,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CHRW. Montag A & Associates Inc. bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $30,000. Pacific Center for Financial Services bought a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $34,000. Evermay Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 336.0% in the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 420 shares during the last quarter. Larson Financial Group LLC increased its stake in C.H. Robinson Worldwide by 139.0% in the fourth quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock valued at $74,000 after acquiring an additional 495 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in C.H. Robinson Worldwide by 13.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 184 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $86.98 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $100.88. The firm’s fifty day moving average is $77.87 and its 200-day moving average is $79.47. The firm has a market cap of $10.19 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 2.59 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the firm earned $0.98 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 96.44%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHRW. Wells Fargo & Company began coverage on shares of C.H. Robinson Worldwide in a research note on Friday. They issued an “equal weight” rating and a $94.00 price objective on the stock. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Finally, Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $84.56.

Check Out Our Latest Stock Analysis on CHRW

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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