Naples Money Management LLC Buys New Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Naples Money Management LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,100 shares of the transportation company’s stock, valued at approximately $181,000.

A number of other large investors also recently modified their holdings of the business. Penserra Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $30,000. Larson Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $31,000. Pacific Center for Financial Services acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $34,000. Avior Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 71.4% during the 3rd quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock worth $37,000 after purchasing an additional 177 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of C.H. Robinson Worldwide by 169.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 467 shares of the transportation company’s stock valued at $51,000 after buying an additional 294 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded up $1.35 during trading on Friday, reaching $71.22. The company’s stock had a trading volume of 1,570,637 shares, compared to its average volume of 1,595,208. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. The business’s 50-day moving average price is $72.99 and its 200-day moving average price is $80.11. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $106.14. The firm has a market cap of $8.33 billion, a PE ratio of 26.27, a P/E/G ratio of 3.54 and a beta of 0.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.35 billion. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 90.04%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several analyst reports. StockNews.com lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Barclays reaffirmed an “underweight” rating and issued a $65.00 target price (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. JPMorgan Chase & Co. reduced their price target on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. BMO Capital Markets dropped their price objective on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, February 1st. Finally, BNP Paribas reiterated a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $81.21.

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.