Citizens Financial Group Inc. RI Makes New $464,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Citizens Financial Group Inc. RI bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,783 shares of the transportation company’s stock, valued at approximately $464,000.

Several other large investors have also added to or reduced their stakes in CHRW. Jones Kertz & Associates Inc. purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth $1,557,000. Massachusetts Financial Services Co. MA purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $3,699,000. New York State Teachers Retirement System increased its holdings in 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 acquiring an additional 5,877 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $965,000. Finally, Swiss Life Asset Management Ltd lifted its stake in C.H. Robinson Worldwide by 74.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 83,796 shares of the transportation company’s stock worth $11,095,000 after purchasing an additional 35,715 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Key Stories Impacting C.H. Robinson Worldwide

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Susquehanna raised its price target on C.H. Robinson Worldwide (CHRW) to $226 from $215 and reiterated a positive rating, signaling confidence in further upside. Article
• Positive Sentiment: Truist Financial increased its price target to $215 from $210 and maintained a buy rating, adding to the bullish analyst momentum. Article
• Positive Sentiment: Stifel Nicolaus also lifted its target to $215 from $207 and kept a buy rating, reinforcing the view that CHRW may have more room to run. Article
• Neutral Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 price target, which is supportive but less aggressive than the recent buy-rated calls. Article
• Neutral Sentiment: New coverage and stock-comparison commentary, including a ZTO vs. CHRW value comparison and forecast articles, may keep investor attention on CHRW’s valuation, but they do not appear to be major catalysts on their own. Article

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $197.50 on Thursday. C.H. Robinson Worldwide, Inc. has a 52-week low of $96.27 and a 52-week high of $203.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $23.28 billion, a P/E ratio of 39.98, a P/E/G ratio of 1.72 and a beta of 0.91. The stock has a 50 day moving average price of $182.28 and a 200 day moving average price of $178.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.C.H. Robinson Worldwide’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citizens Jmp started coverage on C.H. Robinson Worldwide in a research note on Wednesday. They set a “market perform” rating and a $235.00 price target for the company. Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday. Bank of America lowered their target price on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Finally, Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $198.62.

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.