Daiwa Securities Group Inc. Has $871,000 Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Daiwa Securities Group Inc. raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 9.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,444 shares of the transportation company’s stock after acquiring an additional 1,014 shares during the quarter. Daiwa Securities Group Inc.’s holdings in C.H. Robinson Worldwide were worth $871,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in C.H. Robinson Worldwide by 13,682.5% in the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after acquiring an additional 2,643,193 shares during the last quarter. Norges Bank acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $52,341,000. Pinebridge Investments L.P. boosted its position in C.H. Robinson Worldwide by 105.5% in the fourth quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock valued at $51,286,000 after buying an additional 304,709 shares in the last quarter. Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 20.0% in the third quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock valued at $145,333,000 after buying an additional 280,938 shares in the last quarter. Finally, ING Groep NV acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $19,550,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CHRW shares. Wells Fargo & Company started coverage on shares of C.H. Robinson Worldwide in a research report on Friday, June 7th. They issued an “equal weight” rating and a $94.00 target price on the stock. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $76.00 to $87.00 in a report on Tuesday. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.06.

Get Our Latest Research Report on C.H. Robinson Worldwide

C.H. Robinson Worldwide Stock Down 1.3 %

C.H. Robinson Worldwide stock opened at $85.44 on Thursday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $100.88. The stock has a market cap of $10.01 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 2.56 and a beta of 0.80. The firm’s 50-day simple moving average is $85.22 and its 200 day simple moving average is $79.87. 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 released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 earned $0.98 earnings per share. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is 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.

Featured Stories

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report).

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

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.