Royal London Asset Management Ltd. Raises Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Royal London Asset Management Ltd. lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,840 shares of the transportation company’s stock after buying an additional 1,079 shares during the quarter. Royal London Asset Management Ltd.’s holdings in C.H. Robinson Worldwide were worth $4,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Montag A & Associates Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $30,000. Pacific Center for Financial Services purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $34,000. Evermay Wealth Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 336.0% during the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after buying an additional 420 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of C.H. Robinson Worldwide by 139.0% during the fourth quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock worth $74,000 after buying an additional 495 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of C.H. Robinson Worldwide by 13.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock worth $130,000 after buying an additional 184 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of recent research reports. BNP Paribas reiterated a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. UBS Group upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and boosted their target price for the company from $71.00 to $90.00 in a report on Thursday. BMO Capital Markets boosted their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Finally, Barclays boosted their target price on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $84.56.

Get Our Latest Stock Report on CHRW

C.H. Robinson Worldwide Trading Down 1.0 %

NASDAQ CHRW opened at $86.98 on Monday. The company’s fifty day simple moving average is $78.09 and its 200-day simple moving average is $79.49. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $100.88. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock has a market cap of $10.19 billion, a P/E ratio of 34.38, a PEG ratio of 2.57 and a beta of 0.81.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS 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 for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

About C.H. Robinson Worldwide

(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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