3,599 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Dickmeyer Boyce Financial Management Inc.

Dickmeyer Boyce Financial Management Inc. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,599 shares of the transportation company’s stock, valued at approximately $598,000.

Several other large investors also recently made changes to their positions in CHRW. Jones Kertz & Associates Inc. acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $1,557,000. Massachusetts Financial Services Co. MA acquired a new position in C.H. Robinson Worldwide in the 4th quarter worth $3,699,000. New York State Teachers Retirement System boosted its position 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 buying an additional 5,877 shares during the last quarter. KBC Group NV boosted its position in 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 buying an additional 17,594 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of C.H. Robinson Worldwide by 378.8% during the fourth quarter. Ritholtz Wealth Management now owns 10,203 shares of the transportation company’s stock valued at $1,640,000 after acquiring an additional 8,072 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. TD Cowen upped their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $199.46.

C.H. Robinson Worldwide Stock Down 0.9%

Shares of C.H. Robinson Worldwide stock opened at $205.51 on Friday. The business has a 50-day moving average price of $187.07 and a 200 day moving average price of $180.73. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $96.89 and a fifty-two week high of $210.33. The firm has a market cap of $24.22 billion, a P/E ratio of 41.60, a P/E/G ratio of 1.78 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the business posted $1.17 EPS. C.H. Robinson Worldwide’s quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

C.H. Robinson Worldwide Company Profile

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.