Larson Financial Group LLC Raises Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Larson Financial Group LLC raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 139.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 851 shares of the transportation company’s stock after purchasing an additional 495 shares during the quarter. Larson Financial Group LLC’s holdings in C.H. Robinson Worldwide were worth $74,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CHRW. Pacific Center for Financial Services purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. Avior Wealth Management LLC raised its position in C.H. Robinson Worldwide by 71.4% in the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 177 shares during the period. Headlands Technologies LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $140,000. Naples Money Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $181,000. Finally, Dana Investment Advisors Inc. purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $206,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $70.26 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $106.14. The firm has a market capitalization of $8.22 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.65 and a beta of 0.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The business’s 50-day moving average is $72.62 and its two-hundred day moving average is $79.61.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $0.61 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.47%. C.H. Robinson Worldwide’s payout ratio is currently 90.04%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. BNP Paribas reaffirmed a “neutral” rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 9th. Wells Fargo & Company decreased their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Thursday, February 1st. Finally, Susquehanna lifted their price objective on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $81.21.

About C.H. Robinson Worldwide

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.