Mediolanum International Funds Ltd Buys New Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mediolanum International Funds Ltd purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,862 shares of the transportation company's stock, valued at approximately $659,000.

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A number of other hedge funds and other institutional investors have also made changes to their positions in CHRW. Royal London Asset Management Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 3.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 47,761 shares of the transportation company's stock worth $4,114,000 after acquiring an additional 1,688 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of C.H. Robinson Worldwide by 8.8% during 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 during the period. Toroso Investments LLC lifted its position in shares of C.H. Robinson Worldwide by 1.8% in the 3rd quarter. Toroso Investments LLC now owns 13,035 shares of the transportation company's stock valued at $1,123,000 after acquiring an additional 225 shares in the last quarter. American Century Companies Inc. boosted its stake in C.H. Robinson Worldwide by 7.2% in the 3rd quarter. American Century Companies Inc. now owns 49,351 shares of the transportation company's stock worth $4,251,000 after purchasing an additional 3,329 shares during the period. Finally, Wellington Management Group LLP grew its position in C.H. Robinson Worldwide by 20.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company's stock worth $145,333,000 after purchasing an additional 280,938 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on CHRW shares. Robert W. Baird raised their target price on C.H. Robinson Worldwide from $80.00 to $88.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 3rd. BMO Capital Markets lifted 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. Raymond James assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, May 15th. They issued a "market perform" rating for the company. Wells Fargo & Company started coverage on shares of C.H. Robinson Worldwide in a research report on Friday, June 7th. They set an "equal weight" rating and a $94.00 price objective on the stock. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "peer perform" rating in a research note on Thursday, April 11th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $87.06.

Check Out Our Latest Stock Report on CHRW

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded down $1.11 during trading on Wednesday, reaching $85.44. The company's stock had a trading volume of 1,653,695 shares, compared to its average volume of 1,654,953. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $100.88. 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 cap of $10.01 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.56 and a beta of 0.80. The business's fifty day moving average price is $84.96 and its 200-day moving average price is $79.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company posted $0.98 earnings per share. C.H. Robinson Worldwide's quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide's payout ratio is presently 96.44%.

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.

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