ING Groep NV Acquires Shares of 226,297 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

ING Groep NV acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 226,297 shares of the transportation company's stock, valued at approximately $19,550,000. ING Groep NV owned 0.19% of C.H. Robinson Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at $2,960,000. GSA Capital Partners LLP boosted its holdings in shares of C.H. Robinson Worldwide by 8.8% in the third quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company's stock valued at $796,000 after acquiring an additional 746 shares in the last quarter. abrdn plc boosted its holdings in shares of C.H. Robinson Worldwide by 9.5% in the third quarter. abrdn plc now owns 394,466 shares of the transportation company's stock valued at $33,975,000 after acquiring an additional 34,300 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of C.H. Robinson Worldwide by 28.3% in the third quarter. Nordea Investment Management AB now owns 309,074 shares of the transportation company's stock valued at $26,979,000 after acquiring an additional 68,256 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of C.H. Robinson Worldwide by 21.0% in the fourth quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company's stock valued at $13,468,000 after acquiring an additional 27,103 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 1.2 %

CHRW traded up $0.96 during trading on Friday, hitting $84.11. 1,625,447 shares of the company's stock were exchanged, compared to its average volume of 1,890,517. The firm has a market cap of $9.85 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 3.84 and a beta of 0.75. The stock has a 50 day moving average price of $74.75 and a 200 day moving average price of $79.06. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $102.24.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 3.61 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.90%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 96.44%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several analyst reports. Bank of America lowered their target price on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating on the stock in a report on Monday, April 15th. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a "market perform" rating in a report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an "underweight" rating in a report on Thursday, May 2nd. Wells Fargo & Company decreased their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an "underweight" rating on the stock in a report on Thursday, February 1st. Finally, Susquehanna boosted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, May 2nd. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.

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