Shell Asset Management Co. raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,271 shares of the transportation company’s stock after buying an additional 686 shares during the period. Shell Asset Management Co.’s holdings in C.H. Robinson Worldwide were worth $4,071,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in CHRW. CWM LLC raised its stake in C.H. Robinson Worldwide by 14.7% in the first quarter. CWM LLC now owns 417,491 shares of the transportation company’s stock valued at $32,268,000 after buying an additional 53,651 shares in the last quarter. Norway Savings Bank raised its stake in C.H. Robinson Worldwide by 16.0% in the first quarter. Norway Savings Bank now owns 3,835 shares of the transportation company’s stock valued at $296,000 after buying an additional 530 shares in the last quarter. Marathon Asset Management LLP raised its stake in C.H. Robinson Worldwide by 9.1% in the first quarter. Marathon Asset Management LLP now owns 510,001 shares of the transportation company’s stock valued at $39,418,000 after buying an additional 42,514 shares in the last quarter. National Pension Service raised its stake in shares of C.H. Robinson Worldwide by 7.1% in the first quarter. National Pension Service now owns 138,715 shares of the transportation company’s stock valued at $10,771,000 after buying an additional 9,147 shares during the period. Finally, Dynamic Advisors Solutions LLC raised its stake in shares of C.H. Robinson Worldwide by 1.0% in the first quarter. Dynamic Advisors Solutions LLC now owns 8,187 shares of the transportation company’s stock valued at $633,000 after buying an additional 85 shares during the period. Institutional investors own 90.70% of the company’s stock.
Shares of C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at 66.89 on Friday. The stock has a 50 day moving average of $67.17 and a 200-day moving average of $72.21. C.H. Robinson Worldwide, Inc. has a 1-year low of $63.41 and a 1-year high of $81.16. The stock has a market capitalization of $9.39 billion, a P/E ratio of 19.62 and a beta of 0.44.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.12. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. C.H. Robinson Worldwide’s payout ratio is currently 52.94%.
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Several analysts have recently issued reports on CHRW shares. Credit Suisse Group reiterated a “sell” rating and issued a $75.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. Morgan Stanley reiterated an “underweight” rating and issued a $55.00 target price (down previously from $57.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 25th. Bank of America Corporation dropped their target price on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, July 20th. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 target price on the stock in a research report on Monday, May 15th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $70.10.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
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