Redwood Investment Management LLC Increases Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Redwood Investment Management LLC increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,147 shares of the transportation company’s stock after purchasing an additional 165 shares during the quarter. Redwood Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $2,143,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CHRW. Vanguard Group Inc. boosted its stake in C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after buying an additional 177,119 shares during the period. First Eagle Investment Management LLC lifted its stake in C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. Van ECK Associates Corp lifted its stake in C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares during the last quarter. ProShare Advisors LLC lifted its stake in C.H. Robinson Worldwide by 5.0% during the first quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock worth $152,426,000 after purchasing an additional 94,616 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in C.H. Robinson Worldwide by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after purchasing an additional 68,491 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 0.3 %

Shares of CHRW stock traded down $0.29 during midday trading on Wednesday, reaching $89.05. 4,433,914 shares of the stock were exchanged, compared to its average volume of 1,649,976. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. The firm has a market cap of $10.43 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. The company’s 50 day moving average is $87.12 and its two-hundred day moving average is $80.03. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.68 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.74%. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Analysts Set New Price Targets

Several brokerages have issued reports on CHRW. UBS Group raised C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $71.00 to $90.00 in a research note on Thursday, June 6th. Vertical Research raised C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Tuesday, July 9th. Wells Fargo & Company began coverage on C.H. Robinson Worldwide in a research note on Friday, June 7th. They issued an “equal weight” rating and a $94.00 target price for the company. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $87.00 in a research note on Tuesday, July 9th. Finally, Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.78.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.