Norden Group LLC Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Norden Group LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 2,737 shares of the transportation company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cascade Investment Advisors Inc. increased its holdings in shares of C.H. Robinson Worldwide by 10.4% in the first quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company’s stock valued at $1,169,000 after purchasing an additional 1,450 shares during the period. Prime Capital Investment Advisors LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $2,960,000. BNP Paribas Financial Markets lifted its stake in C.H. Robinson Worldwide by 21.0% during the 4th quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company’s stock valued at $13,468,000 after acquiring an additional 27,103 shares during the period. Brookstone Capital Management boosted its holdings in shares of C.H. Robinson Worldwide by 10.6% in the 4th quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock valued at $543,000 after acquiring an additional 605 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of C.H. Robinson Worldwide by 447.6% in the fourth quarter. SG Americas Securities LLC now owns 36,879 shares of the transportation company’s stock worth $3,186,000 after acquiring an additional 30,144 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $86.76 on Monday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $100.88. The company has a market cap of $10.16 billion, a P/E ratio of 34.29, a P/E/G ratio of 2.56 and a beta of 0.80. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $85.44 and its 200-day moving average price is $79.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results 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 return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.63 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.81%. C.H. Robinson Worldwide’s dividend payout ratio is presently 96.44%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CHRW shares. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. BMO Capital Markets raised their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Raymond James assumed coverage on C.H. Robinson Worldwide in a report on Wednesday, May 15th. They issued a “market perform” rating for the company. Barclays raised their price objective on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird increased their price target on shares of C.H. Robinson Worldwide from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.06.

About C.H. Robinson Worldwide

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.