Friedenthal Financial Buys New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Friedenthal Financial purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,466 shares of the transportation company’s stock, valued at approximately $1,074,000.

A number of other institutional investors also recently bought and sold shares of CHRW. Blue Trust Inc. increased its stake in shares of C.H. Robinson Worldwide by 293.0% in the first quarter. Blue Trust Inc. now owns 2,621 shares of the transportation company’s stock worth $435,000 after acquiring an additional 1,954 shares during the period. OP Asset Management Ltd purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth $2,937,000. Banque Cantonale Vaudoise acquired a new position in C.H. Robinson Worldwide during the first quarter valued at $1,531,000. Assenagon Asset Management S.A. lifted its position in C.H. Robinson Worldwide by 1.7% during the first quarter. Assenagon Asset Management S.A. now owns 6,881 shares of the transportation company’s stock valued at $1,143,000 after purchasing an additional 118 shares during the period. Finally, Cidel Asset Management Inc. boosted its holdings in C.H. Robinson Worldwide by 8.5% in the first quarter. Cidel Asset Management Inc. now owns 1,406 shares of the transportation company’s stock valued at $233,000 after purchasing an additional 110 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. UBS Group upped their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, Bank of America reduced their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Stock Down 0.9%

CHRW opened at $177.28 on Thursday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The company has a fifty day moving average of $179.17 and a two-hundred day moving average of $175.71. The stock has a market capitalization of $20.90 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 1.54 and a beta of 0.91.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is currently 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.