Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires Shares of 3,580 C.H. Robinson Worldwide, Inc. $CHRW

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,580 shares of the transportation company’s stock, valued at approximately $576,000.

A number of other hedge funds have also recently modified their holdings of CHRW. Goldman Sachs Group Inc. increased its position in shares of C.H. Robinson Worldwide by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after acquiring an additional 24,788 shares during the period. United Services Automobile Association bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $259,000. Empowered Funds LLC boosted its stake in shares of C.H. Robinson Worldwide by 2.3% during the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares in the last quarter. Woodline Partners LP boosted its stake in shares of C.H. Robinson Worldwide by 41.3% during the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of C.H. Robinson Worldwide by 9.9% during the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 2.2%

NASDAQ:CHRW opened at $174.23 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The company’s 50-day simple moving average is $172.22 and its 200 day simple moving average is $170.84. The firm has a market capitalization of $20.54 billion, a P/E ratio of 35.27, a PEG ratio of 1.50 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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. 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 quarter in the previous year, the firm posted $1.17 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Evercore lifted their target price on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Benchmark lifted their target price on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday. BMO Capital Markets reaffirmed a “market perform” rating and set a $180.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.61.

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.