225,964 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by M.D. Sass LLC

M.D. Sass LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, HoldingsChannel reports. The fund bought 225,964 shares of the transportation company’s stock, valued at approximately $37,526,000. C.H. Robinson Worldwide accounts for approximately 2.8% of M.D. Sass LLC’s investment portfolio, making the stock its 20th biggest position.

Several other large investors have also recently bought and sold shares of CHRW. Jones Kertz & Associates Inc. acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at $1,557,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $3,699,000. New York State Teachers Retirement System lifted its holdings in shares of C.H. Robinson Worldwide by 6.0% in the 4th quarter. New York State Teachers Retirement System now owns 104,269 shares of the transportation company’s stock valued at $16,762,000 after purchasing an additional 5,877 shares during the last quarter. KBC Group NV boosted its position in shares of C.H. Robinson Worldwide by 8.9% in the 4th quarter. KBC Group NV now owns 214,741 shares of the transportation company’s stock valued at $34,522,000 after purchasing an additional 17,594 shares during the period. Finally, Ritholtz Wealth Management grew its stake in C.H. Robinson Worldwide by 378.8% during the 4th quarter. Ritholtz Wealth Management now owns 10,203 shares of the transportation company’s stock worth $1,640,000 after buying an additional 8,072 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CHRW. Stifel Nicolaus lifted their price target on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. JPMorgan Chase & Co. upped their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, UBS Group increased their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.46.

C.H. Robinson Worldwide Stock Down 0.9%

C.H. Robinson Worldwide stock opened at $205.51 on Friday. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 1.78 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $187.07 and a two-hundred day moving average of $180.73. C.H. Robinson Worldwide, Inc. has a twelve month low of $96.89 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. C.H. Robinson Worldwide’s 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.