Eagle Asset Management Inc. raised its stake in shares of C. H. Robinson (NASDAQ:CHRW) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 454,714 shares of the transportation company’s stock after acquiring an additional 34,190 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.33% of C. H. Robinson worth $42,611,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in C. H. Robinson by 9.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,026,131 shares of the transportation company’s stock valued at $91,418,000 after acquiring an additional 85,420 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in C. H. Robinson during the 4th quarter valued at $3,843,000. State of Tennessee Treasury Department boosted its position in shares of C. H. Robinson by 52.9% in the 4th quarter. State of Tennessee Treasury Department now owns 187,146 shares of the transportation company’s stock worth $16,673,000 after purchasing an additional 64,709 shares in the last quarter. All Terrain Financial Advisors LLC acquired a new stake in shares of C. H. Robinson in the 4th quarter worth $5,328,000. Finally, National Pension Service boosted its position in shares of C. H. Robinson by 9.1% in the 4th quarter. National Pension Service now owns 172,769 shares of the transportation company’s stock worth $15,392,000 after purchasing an additional 14,444 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on CHRW shares. Cleveland Research raised C. H. Robinson from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Zacks Investment Research raised C. H. Robinson from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, February 6th. BidaskClub cut C. H. Robinson from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 22nd. Edward Jones raised C. H. Robinson from a “hold” rating to a “buy” rating in a research report on Sunday, March 11th. Finally, ValuEngine raised C. H. Robinson from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.56.
In related news, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $93.97, for a total value of $662,206.59. Following the completion of the transaction, the insider now owns 14,323 shares in the company, valued at approximately $1,345,932.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.97% of the company’s stock.
Shares of C. H. Robinson opened at $88.50 on Monday, Marketbeat reports. The firm has a market capitalization of $12.32 billion, a P/E ratio of 24.38, a PEG ratio of 2.22 and a beta of 0.42. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.51. C. H. Robinson has a 1 year low of $63.41 and a 1 year high of $100.18.
C. H. Robinson (NASDAQ:CHRW) last issued its earnings results on Tuesday, May 1st. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. C. H. Robinson had a return on equity of 36.63% and a net margin of 3.41%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. analysts forecast that C. H. Robinson will post 4.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 1st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.84 dividend on an annualized basis and a yield of 2.08%. C. H. Robinson’s dividend payout ratio (DPR) is 52.87%.
C. H. Robinson declared that its board has authorized a share buyback plan on Thursday, May 10th that authorizes the company to buyback 15,000,000 shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
C. H. Robinson 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 three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. 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, which is 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 provides door-to-door services.
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