Saratoga Research & Investment Management Has $49.46 Million Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Saratoga Research & Investment Management reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 307,641 shares of the transportation company’s stock after selling 19,490 shares during the period. C.H. Robinson Worldwide makes up about 2.6% of Saratoga Research & Investment Management’s portfolio, making the stock its 16th biggest position. Saratoga Research & Investment Management’s holdings in C.H. Robinson Worldwide were worth $49,456,000 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 stock. Mairs & Power Inc. increased its holdings in C.H. Robinson Worldwide by 0.7% in the third quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after purchasing an additional 6,188 shares in the last quarter. Transcend Capital Advisors LLC bought a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $460,000. Raiffeisen Bank International AG bought a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $937,000. Jones Kertz & Associates Inc. bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth approximately $1,557,000. Finally, TD Waterhouse Canada Inc. increased its holdings in C.H. Robinson Worldwide by 8,726.0% in the third quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock worth $2,341,000 after purchasing an additional 17,452 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Truist Financial lifted their target price on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a report on Friday, May 1st. Finally, Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price objective for the company in a report on Friday. Seventeen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.27.

C.H. Robinson Worldwide Trading Up 2.4%

NASDAQ CHRW opened at $163.59 on Friday. The company has a market cap of $19.28 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 1.63 and a beta of 0.94. 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 $172.66 and a 200-day moving average price of $169.58. 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 released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.5%. 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.