CIBC Asset Management Inc Has $4.85 Million Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

CIBC Asset Management Inc grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 71.3% during the fourth quarter, Holdings Channel reports. The firm owned 30,147 shares of the transportation company’s stock after acquiring an additional 12,551 shares during the quarter. CIBC Asset Management Inc’s holdings in C.H. Robinson Worldwide were worth $4,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after buying an additional 4,751,034 shares during the period. Norges Bank acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $236,665,000. Westfield Capital Management Co. LP acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $72,929,000. William Blair Investment Management LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $70,333,000. Finally, Raymond James Financial Inc. raised its stake in C.H. Robinson Worldwide by 68.5% during the 3rd quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock worth $139,194,000 after buying an additional 427,543 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on CHRW shares. Wells Fargo & Company upped their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $200.00 in a research note on Wednesday, May 20th. Raymond James Financial set a $210.00 price target on C.H. Robinson Worldwide in a research note on Thursday, April 30th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, Barclays upped their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $195.65.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $184.09 on Friday. The company has a market cap of $21.70 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 52 week low of $92.36 and a 52 week high of $203.34. The business has a 50 day moving average price of $173.96 and a 200-day moving average price of $172.77. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.