PNC Financial Services Group Inc. grew its stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 4.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,207 shares of the transportation company’s stock after purchasing an additional 3,282 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of C.H. Robinson Worldwide worth $6,716,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Synovus Financial Corp boosted its holdings in C.H. Robinson Worldwide by 80.0% during the 4th quarter. Synovus Financial Corp now owns 288 shares of the transportation company’s stock worth $25,000 after acquiring an additional 128 shares during the last quarter. Farmers National Bank purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth about $26,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of C.H. Robinson Worldwide by 5,277.8% in the 4th 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 during the last quarter. Bremer Bank National Association purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth about $36,000. Finally, Bremer Trust National Association purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 85.72% of the company’s stock.
A number of equities analysts recently weighed in on CHRW shares. UBS Group downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the stock from $99.00 to $83.00 in a report on Wednesday, May 1st. Susquehanna Bancshares cut C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a research note on Wednesday, April 10th. Stephens lowered their price objective on C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Citigroup lowered their price objective on C.H. Robinson Worldwide from $102.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Barclays boosted their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $92.33.
Shares of NASDAQ CHRW traded up $0.18 during midday trading on Friday, hitting $84.35. 2,101,112 shares of the company’s stock were exchanged, compared to its average volume of 1,171,548. C.H. Robinson Worldwide Inc has a 12-month low of $77.72 and a 12-month high of $101.20. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $11.52 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 1.89 and a beta of 0.62. The firm has a fifty day moving average price of $81.54.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.98 billion. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. C.H. Robinson Worldwide’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. On average, equities research analysts forecast that C.H. Robinson Worldwide Inc will post 4.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 42.28%.
About C.H. Robinson Worldwide
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.
Featured Story: How to invest in blue-chip stocks
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.