GAMMA Investing LLC Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

GAMMA Investing LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,279 shares of the transportation company’s stock, valued at approximately $192,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC purchased a new position in C.H. Robinson Worldwide in the third quarter worth $31,000. Pacific Center for Financial Services purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $34,000. Avior Wealth Management LLC grew its position in C.H. Robinson Worldwide by 71.4% during the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock valued at $37,000 after buying an additional 177 shares during the period. Headlands Technologies LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter worth about $140,000. Finally, Naples Money Management LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth about $181,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.1 %

CHRW opened at $70.22 on Friday. The firm has a market capitalization of $8.22 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 3.65 and a beta of 0.72. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $106.14. The company has a fifty day moving average price of $72.58 and a 200-day moving average price of $79.50. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is currently 90.04%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CHRW. BNP Paribas restated a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Barclays reiterated an “underweight” rating and set a $65.00 price target (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research note on Monday, April 1st. Wells Fargo & Company lowered their price objective on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Thursday, February 1st. Finally, Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $81.21.

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.