First Bank & Trust Buys 271 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

First Bank & Trust grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,280 shares of the transportation company’s stock after purchasing an additional 271 shares during the quarter. First Bank & Trust’s holdings in C.H. Robinson Worldwide were worth $326,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CHRW. Kestra Advisory Services LLC raised its holdings in C.H. Robinson Worldwide by 13.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,456 shares of the transportation company’s stock worth $298,000 after purchasing an additional 417 shares in the last quarter. Acadian Asset Management LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth $454,000. Trexquant Investment LP bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $2,579,000. Treasurer of the State of North Carolina lifted its position in C.H. Robinson Worldwide by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 51,934 shares of the transportation company’s stock valued at $4,473,000 after acquiring an additional 190 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in C.H. Robinson Worldwide by 92.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,274 shares of the transportation company’s stock worth $885,000 after acquiring an additional 4,938 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHRW has been the subject of a number of analyst reports. Barclays raised their target price on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Raymond James began coverage on C.H. Robinson Worldwide in a report on Wednesday, May 15th. They issued a “market perform” rating on the stock. Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. TD Cowen lifted their price target on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Bank of America cut their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.38.

C.H. Robinson Worldwide Stock Up 0.4 %

CHRW stock opened at $88.12 on Friday. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 2.61 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37. The business’s 50-day moving average is $82.71 and its two-hundred day moving average is $79.79. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio is 96.44%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.