Johnson Investment Counsel Inc. Invests $467,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Johnson Investment Counsel Inc. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,559 shares of the transportation company's stock, valued at approximately $467,000.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $134,833,000. Raymond James Financial Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $102,174,000. First Trust Advisors LP grew its stake in C.H. Robinson Worldwide by 163.6% in the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock valued at $124,625,000 after buying an additional 748,661 shares during the last quarter. Wellington Management Group LLP grew its stake in C.H. Robinson Worldwide by 25.7% in the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in C.H. Robinson Worldwide by 7,706.1% in the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after acquiring an additional 449,034 shares during the period. Institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on CHRW. Barclays decreased their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. TD Cowen boosted their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Truist Financial assumed coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They set a "buy" rating and a $115.00 price target on the stock. Citigroup lowered their price objective on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group cut their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $114.29.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider now directly owns 71,441 shares in the company, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $92.63 on Monday. C.H. Robinson Worldwide, Inc. has a one year low of $84.24 and a one year high of $114.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.52 and a beta of 0.90. The firm has a 50 day simple moving average of $93.63 and a 200 day simple moving average of $98.57.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.62 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.68%. C.H. Robinson Worldwide's dividend payout ratio is presently 59.33%.

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.

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