Saratoga Research & Investment Management Has $41.61 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Saratoga Research & Investment Management boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 546,514 shares of the transportation company's stock after buying an additional 10,753 shares during the period. C.H. Robinson Worldwide accounts for 1.9% of Saratoga Research & Investment Management's investment portfolio, making the stock its 21st largest position. Saratoga Research & Investment Management owned 0.47% of C.H. Robinson Worldwide worth $41,612,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $52,341,000. Pinebridge Investments L.P. boosted its holdings in shares of C.H. Robinson Worldwide by 105.5% in the fourth quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company's stock valued at $51,286,000 after acquiring an additional 304,709 shares in the last quarter. Wellington Management Group LLP grew its position in shares of C.H. Robinson Worldwide by 20.0% in the third quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company's stock valued at $145,333,000 after purchasing an additional 280,938 shares during the period. ING Groep NV acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $19,550,000. Finally, Vanguard Group Inc. increased its position in C.H. Robinson Worldwide by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company's stock worth $1,212,750,000 after purchasing an additional 174,041 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group upgraded C.H. Robinson Worldwide from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $71.00 to $90.00 in a report on Thursday, June 6th. Raymond James assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, May 15th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. raised their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an "underweight" rating in a research report on Thursday, May 2nd. Evercore ISI raised C.H. Robinson Worldwide from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $82.00 to $99.00 in a report on Tuesday. Finally, BMO Capital Markets increased their target price on shares of 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. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Hold" and a consensus price target of $85.38.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $0.39 during mid-day trading on Friday, reaching $88.12. 3,426,329 shares of the stock were exchanged, compared to its average volume of 1,596,367. The business has a fifty day moving average price of $82.71 and a 200 day moving average price of $79.79. The firm has a market capitalization of $10.32 billion, a PE ratio of 34.83, a PEG ratio of 2.60 and a beta of 0.81. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was down 4.3% on a year-over-year basis. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

C.H. Robinson Worldwide 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.