Northwestern Mutual Wealth Management Co. Boosts Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4,676.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,861 shares of the transportation company’s stock after buying an additional 308,269 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.27% of C.H. Robinson Worldwide worth $50,617,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CHRW. Mairs & Power Inc. boosted its holdings in C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after buying an additional 6,188 shares during the last quarter. Transcend Capital Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $460,000. Raiffeisen Bank International AG acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $937,000. Jones Kertz & Associates Inc. purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $1,557,000. Finally, TD Waterhouse Canada Inc. lifted its position in shares of C.H. Robinson Worldwide by 8,726.0% in the third quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 17,452 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 3.7%

Shares of NASDAQ CHRW opened at $169.72 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $20.00 billion, a PE ratio of 34.36, a PEG ratio of 1.63 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34. The stock has a fifty day simple moving average of $172.36 and a 200-day simple moving average of $170.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.C.H. Robinson Worldwide’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company 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 dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CHRW shares. UBS Group set a $160.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $200.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Barclays increased their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company boosted 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 research report on Thursday, April 30th. Finally, Evercore upped their price objective on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Seventeen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.27.

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.