Charles Schwab Investment Management Inc. Grows Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Charles Schwab Investment Management Inc. grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,052,240 shares of the transportation company's stock after acquiring an additional 28,005 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.90% of C.H. Robinson Worldwide worth $90,903,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Vision Capital Management Inc. increased its position in C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company's stock valued at $1,435,000 after acquiring an additional 129 shares during the last quarter. SkyView Investment Advisors LLC increased its position in C.H. Robinson Worldwide by 3.4% during the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company's stock valued at $393,000 after acquiring an additional 149 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in C.H. Robinson Worldwide by 2.9% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company's stock valued at $503,000 after acquiring an additional 165 shares during the last quarter. Treasurer of the State of North Carolina increased its position in C.H. Robinson Worldwide by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 51,934 shares of the transportation company's stock valued at $4,473,000 after acquiring an additional 190 shares during the last quarter. Finally, Cognios Beta Neutral Large Cap Fund LP increased its position in C.H. Robinson Worldwide by 3.4% during the fourth quarter. Cognios Beta Neutral Large Cap Fund LP now owns 5,836 shares of the transportation company's stock valued at $504,000 after acquiring an additional 194 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded up $1.75 during midday trading on Monday, reaching $84.47. 1,283,109 shares of the stock traded hands, compared to its average volume of 1,661,337. The stock's fifty day moving average is $73.79 and its 200-day moving average is $78.98. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $102.24. The stock has a market cap of $9.89 billion, a P/E ratio of 33.39, a PEG ratio of 3.85 and a beta of 0.75. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company's quarterly revenue was down 4.3% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.58 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be issued a $0.61 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.89%. C.H. Robinson Worldwide's payout ratio is 96.44%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CHRW. Susquehanna upped their price objective on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, May 2nd. TD Cowen boosted their price target on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a "hold" rating in a report on Thursday, May 2nd. Wolfe Research raised C.H. Robinson Worldwide from an "underperform" rating to a "peer perform" rating in a report on Thursday, April 11th. BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Friday, May 3rd. Finally, Bank of America cut their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating for the company in a report on Monday, April 15th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $82.60.

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.