20,680 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,680 shares of the transportation company's stock, valued at approximately $1,787,000.

Several other institutional investors also recently bought and sold shares of CHRW. Montag A & Associates Inc. purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth $30,000. Larson Financial Group LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $31,000. Pacific Center for Financial Services acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $34,000. Quadrant Capital Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 13.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company's stock valued at $130,000 after buying an additional 184 shares during the period. Finally, Headlands Technologies LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $140,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHRW has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an "underweight" rating in a research note on Thursday, May 2nd. Wells Fargo & Company reduced their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an "underweight" rating for the company in a report on Thursday, February 1st. Raymond James started coverage on C.H. Robinson Worldwide in a report on Wednesday. They set a "market perform" rating on the stock. BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a "market perform" rating in a research note on Friday, May 3rd. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "peer perform" rating in a research report on Thursday, April 11th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $82.60.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded up $0.96 during trading on Friday, reaching $84.11. The company had a trading volume of 1,625,447 shares, compared to its average volume of 1,890,517. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $102.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $9.85 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 3.88 and a beta of 0.75. The firm's fifty day moving average is $74.75 and its 200 day moving average is $79.04.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company posted $0.98 EPS. The firm's quarterly revenue was down 4.3% on a year-over-year basis. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.61 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

C.H. Robinson Worldwide Company 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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