C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.2% during the first quarter, Holdings Channel.com reports. The firm owned 76,224 shares of the transportation company’s stock after buying an additional 11,186 shares during the period. Illinois Municipal Retirement Fund’s holdings in C.H. Robinson Worldwide were worth $12,659,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Millstone Evans Group LLC raised its position in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. DV Equities LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $27,000. Bayban purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $32,000. Finally, Western Pacific Wealth Management LP acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $36,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHRW. Raymond James Financial lowered their target price on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research note on Thursday, July 2nd. TD Cowen increased their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a research note on Friday, May 1st. Finally, BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $198.62.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $205.75 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $96.27 and a one year high of $208.70. 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 company has a 50 day moving average price of $182.97 and a 200 day moving average price of $179.14. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 41.65, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91.

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 for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.11 EPS 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. Investors of record on Friday, June 5th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

Key Stories Impacting C.H. Robinson Worldwide

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

• Positive Sentiment: Truist Financial raised its price target on C.H. Robinson Worldwide to $215 from $210 and reiterated a buy rating, signaling continued confidence in the company’s outlook. Truist price target raise report
• Positive Sentiment: Stifel Nicolaus also lifted its price target to $215 from $207 and kept a buy rating, adding to the bullish analyst momentum. Stifel price target raise report
• Positive Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 target, which is above the current trading level and may still support investor sentiment. Citizens JMP coverage initiation
• Neutral Sentiment: A Zacks comparison article weighing ZTO Express against CHRW highlights valuation considerations, but it does not appear to include a major new catalyst for the stock. Zacks comparison article
• Neutral Sentiment: Susquehanna issued a positive forecast for C.H. Robinson Worldwide, reinforcing expectations that analysts see room for further upside. Susquehanna forecast report

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.