C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Position Boosted by United Asset Strategies Inc.

United Asset Strategies Inc. grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,580 shares of the transportation company’s stock after purchasing an additional 519 shares during the period. United Asset Strategies Inc.’s holdings in C.H. Robinson Worldwide were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $70,174,000. State Street Corp lifted its stake in C.H. Robinson Worldwide by 4.3% during the first quarter. State Street Corp now owns 8,916,720 shares of the transportation company’s stock valued at $891,417,000 after buying an additional 365,084 shares in the last quarter. Bank of America Corp DE lifted its stake in C.H. Robinson Worldwide by 64.9% during the first quarter. Bank of America Corp DE now owns 779,362 shares of the transportation company’s stock valued at $77,445,000 after buying an additional 306,755 shares in the last quarter. Royal Bank of Canada lifted its stake in C.H. Robinson Worldwide by 31.6% during the second quarter. Royal Bank of Canada now owns 1,184,014 shares of the transportation company’s stock valued at $111,712,000 after buying an additional 284,103 shares in the last quarter. Finally, Eaton Vance Management lifted its stake in C.H. Robinson Worldwide by 27.0% during the first quarter. Eaton Vance Management now owns 1,328,146 shares of the transportation company’s stock valued at $143,054,000 after buying an additional 282,532 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $67.89 on Wednesday. The business’s fifty day moving average is $73.18 and its 200-day moving average is $80.26. The company has a market cap of $7.94 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 3.48 and a beta of 0.72. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. C.H. Robinson Worldwide, Inc. has a twelve month low of $67.35 and a twelve month high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.31 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is currently 90.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHRW. BMO Capital Markets reduced their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Barclays restated an “underweight” rating and set a $65.00 price target (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research note on Monday, April 1st. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Susquehanna raised their target price on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Finally, BNP Paribas reiterated a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average target price of $81.21.

C.H. Robinson Worldwide Profile

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.