William Blair Investment Management LLC Acquires New Stake in C.H. Robinson Worldwide, Inc. $CHRW

William Blair Investment Management LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 437,501 shares of the transportation company’s stock, valued at approximately $70,333,000. William Blair Investment Management LLC owned about 0.37% of C.H. Robinson Worldwide at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $27,000. Western Pacific Wealth Management LP bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $36,000. Clearstead Advisors LLC raised its holdings in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Park Place Capital Corp bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $39,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $34,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $180.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Bank of America lowered their target price on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Citigroup raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price on the stock in a report on Friday, May 15th. Benchmark boosted their target price on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.61.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $174.23 on Monday. The firm has a fifty day moving average of $172.22 and a 200 day moving average of $170.98. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The firm has a market capitalization of $20.54 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 1.50 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The company’s revenue was down .9% on a year-over-year basis. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.