Jupiter Asset Management Ltd. Raises Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• Jupiter Asset Management Ltd. increased its stake in C.H. Robinson Worldwide, Inc. by 76.3% during the first quarter, owning approximately 0.60% of the company, worth $72.27 million.
• Several institutional investors have also raised their positions in C.H. Robinson, with hedge funds and other entities owning 93.15% of the company's stock.
• Equities research analysts have a generally positive outlook on C.H. Robinson, with a consensus rating of "Moderate Buy" and an average price target of $116.33.

Jupiter Asset Management Ltd. grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 76.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 705,786 shares of the transportation company's stock after purchasing an additional 305,368 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.60% of C.H. Robinson Worldwide worth $72,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock valued at $326,549,000 after buying an additional 64,019 shares during the last quarter. FMR LLC grew its holdings in shares of C.H. Robinson Worldwide by 11.1% during the fourth quarter. FMR LLC now owns 2,842,962 shares of the transportation company's stock valued at $293,735,000 after buying an additional 285,171 shares during the last quarter. Invesco Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 0.9% during the fourth quarter. Invesco Ltd. now owns 2,109,349 shares of the transportation company's stock valued at $217,938,000 after buying an additional 18,856 shares during the last quarter. Northern Trust Corp grew its holdings in shares of C.H. Robinson Worldwide by 4.3% during the fourth quarter. Northern Trust Corp now owns 1,306,795 shares of the transportation company's stock valued at $135,018,000 after buying an additional 53,419 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of C.H. Robinson Worldwide by 163.6% during the fourth quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock worth $124,625,000 after purchasing an additional 748,661 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares of the company's stock, valued at $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Susquehanna reaffirmed a "positive" rating and issued a $120.00 price target (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Bank of America upped their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a report on Friday, May 16th. Baird R W raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday. Finally, TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $116.33.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $113.86 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.87 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $116.16. The firm's fifty day simple moving average is $97.53 and its two-hundred day simple moving average is $97.35.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company's revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.15 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 56.49%.

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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.