WINTON GROUP Ltd Boosts Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

WINTON GROUP Ltd boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 184.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,210 shares of the transportation company’s stock after buying an additional 31,926 shares during the quarter. WINTON GROUP Ltd’s holdings in C.H. Robinson Worldwide were worth $7,911,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter worth about $30,000. Clearstead Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after buying an additional 128 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.3%

Shares of CHRW opened at $184.09 on Friday. The firm’s 50 day simple moving average is $173.96 and its 200 day simple moving average is $172.77. The company has a market capitalization of $21.70 billion, a P/E ratio of 37.27, a P/E/G ratio of 1.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 1-year low of $92.36 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.17 earnings per share. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHRW. JPMorgan Chase & Co. increased their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.65.

About C.H. Robinson Worldwide

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.