9,932 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,932 shares of the transportation company’s stock, valued at approximately $1,597,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Wellington Management Group LLP increased its holdings 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 purchasing an additional 4,751,034 shares during the last quarter. Norges Bank purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $236,665,000. Capital World Investors purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $165,976,000. Pinebridge Investments LLC purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $103,751,000. Finally, Westfield Capital Management Co. LP purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $72,929,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHRW has been the topic of several analyst reports. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price objective on the stock in a report on Friday, May 15th. Raymond James Financial set a $210.00 price target on C.H. Robinson Worldwide in a report on Thursday, April 30th. Bank of America lowered their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Finally, Stifel Nicolaus boosted their price target 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. Seventeen investment 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $191.19 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 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. The company has a market capitalization of $22.54 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 1.60 and a beta of 0.91. The business has a 50 day simple moving average of $175.94 and a 200-day simple moving average of $173.98.

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

C.H. Robinson Worldwide Announces Dividend

The business 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 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.