Lombard Odier Asset Management Switzerland SA Buys New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Lombard Odier Asset Management Switzerland SA bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,328 shares of the transportation company’s stock, valued at approximately $719,000.

A number of other large investors also recently added to or reduced their stakes in CHRW. Jones Kertz & Associates Inc. acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth about $1,557,000. Massachusetts Financial Services Co. MA purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $3,699,000. New York State Teachers Retirement System grew 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 acquiring an additional 5,877 shares in the last quarter. KBC Group NV grew 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 acquiring an additional 17,594 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in 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 worth $1,640,000 after purchasing an additional 8,072 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on CHRW. BMO Capital Markets increased their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Raymond James Financial dropped their price objective on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a report on Thursday, July 2nd. Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, Citigroup initiated coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market outperform” rating for the company. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $194.84.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $169.34 on Wednesday. The stock has a 50-day simple moving average of $187.55 and a 200-day simple moving average of $180.93. 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 stock has a market capitalization of $19.96 billion, a PE ratio of 34.28, a PEG ratio of 1.50 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 1 year low of $96.89 and a 1 year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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 business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $0.63 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

C.H. Robinson Worldwide 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.