Hsbc Holdings PLC Buys 9,436 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Hsbc Holdings PLC grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.0% in the first quarter, HoldingsChannel.com reports. The firm owned 321,232 shares of the transportation company’s stock after buying an additional 9,436 shares during the quarter. Hsbc Holdings PLC’s holdings in C.H. Robinson Worldwide were worth $53,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in C.H. Robinson Worldwide by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after buying an additional 364,163 shares during the last quarter. State Street Corp boosted its position in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after buying an additional 397,177 shares during the period. Wellington Management Group LLP grew its holdings in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares during the last quarter. Boston Partners increased its position in shares of C.H. Robinson Worldwide by 6.1% in the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after acquiring an additional 213,245 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of C.H. Robinson Worldwide by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock valued at $514,889,000 after acquiring an additional 16,961 shares during the period. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CHRW shares. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. TD Cowen boosted their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Wells Fargo & Company upped their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Citigroup started coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market outperform” rating for the company. Finally, JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average target price of $198.62.

C.H. Robinson Worldwide Trading Down 1.3%

NASDAQ:CHRW opened at $205.80 on Tuesday. The company has a 50-day moving average price of $184.43 and a 200-day moving average price of $179.77. The stock has a market cap of $24.26 billion, a price-to-earnings ratio of 41.66, a P/E/G ratio of 1.80 and a beta of 0.91. 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, Inc. has a 12 month low of $96.27 and a 12 month high of $209.65.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced 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. The ex-dividend date was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.2%. C.H. Robinson Worldwide’s dividend 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.