Quantum Portfolio Management LLC Acquires Shares of 5,128 C.H. Robinson Worldwide, Inc. $CHRW

Quantum Portfolio Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, HoldingsChannel.com reports. The fund acquired 5,128 shares of the transportation company’s stock, valued at approximately $852,000.

Several other hedge funds also recently made changes to their positions in the company. Vestcor Inc raised its holdings in C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock worth $1,029,000 after purchasing an additional 51 shares in the last quarter. Horizon Investments LLC boosted its holdings in C.H. Robinson Worldwide by 3.1% in the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 58 shares in the last quarter. Signaturefd LLC increased its position in C.H. Robinson Worldwide by 3.6% during the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after purchasing an additional 59 shares during the period. Brendel Financial Advisors LLC increased its position in C.H. Robinson Worldwide by 2.2% during the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after purchasing an additional 61 shares during the period. Finally, Elevation Point Wealth Partners LLC raised its stake in shares of C.H. Robinson Worldwide by 1.7% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 4,108 shares of the transportation company’s stock worth $663,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the subject of several recent analyst reports. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Raymond James Financial lowered their price target on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research note on Thursday, July 2nd. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $195.35.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $189.95 on Thursday. The firm has a market capitalization of $22.39 billion, a PE ratio of 38.45, a P/E/G ratio of 1.65 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 52 week low of $96.27 and a 52 week high of $203.34. The firm’s 50-day simple moving average is $180.53 and its 200 day simple moving average is $177.77. 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 announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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