Fulton Bank N.A. Boosts Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Fulton Bank N.A. lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 119.6% in the first quarter, HoldingsChannel reports. The firm owned 9,570 shares of the transportation company’s stock after buying an additional 5,213 shares during the quarter. Fulton Bank N.A.’s holdings in C.H. Robinson Worldwide were worth $1,589,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $27,000. DV Equities LLC acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter worth $30,000. Finally, Bayban purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $32,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CHRW shares. Raymond James Financial reduced their price objective on C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group upgraded 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 report on Wednesday, May 20th. Barclays increased their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, UBS Group boosted their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.35.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $189.85 on Friday. The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.65 and a beta of 0.91. The firm’s fifty day simple moving average is $180.09 and its 200-day simple moving average is $176.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $96.27 and a twelve month high of $203.34. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 3.70% and a return on equity of 35.49%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.

C.H. Robinson Worldwide Profile

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.