Yorktown Management & Research Co Inc bought a new stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,400 shares of the transportation company’s stock, valued at approximately $296,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Synovus Financial Corp raised its stake in C.H. Robinson Worldwide by 80.0% in the fourth quarter. Synovus Financial Corp now owns 288 shares of the transportation company’s stock worth $25,000 after buying an additional 128 shares in the last quarter. Farmers National Bank bought a new position in C.H. Robinson Worldwide in the first quarter worth approximately $26,000. Oregon Public Employees Retirement Fund raised its stake in C.H. Robinson Worldwide by 5,277.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,857,462 shares of the transportation company’s stock worth $34,000 after buying an additional 2,804,328 shares in the last quarter. Bremer Bank National Association bought a new position in C.H. Robinson Worldwide in the first quarter worth approximately $36,000. Finally, Bremer Trust National Association acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 85.72% of the company’s stock.
A number of brokerages have recently issued reports on CHRW. Stifel Nicolaus set a $95.00 price target on C.H. Robinson Worldwide and gave the stock a “buy” rating in a research report on Friday, May 3rd. Stephens dropped their price objective on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Citigroup dropped their price objective on shares of C.H. Robinson Worldwide from $102.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. UBS Group lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $99.00 to $83.00 in a report on Wednesday, May 1st. Finally, Susquehanna Bancshares lowered shares of C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average target price of $92.33.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.02. C.H. Robinson Worldwide had a net margin of 4.16% and a return on equity of 43.21%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities research analysts anticipate that C.H. Robinson Worldwide Inc will post 4.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, June 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.37%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 42.28%.
In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was bought at an average price of $83.18 per share, for a total transaction of $99,982.36. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.65% of the stock is owned by corporate insiders.
C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
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