C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Cullinan Associates Inc.

Cullinan Associates Inc. raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 78.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,300 shares of the transportation company’s stock after acquiring an additional 17,700 shares during the quarter. Cullinan Associates Inc.’s holdings in C.H. Robinson Worldwide were worth $3,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CHRW. Prime Capital Investment Advisors LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth about $2,960,000. GSA Capital Partners LLP raised its holdings in shares of C.H. Robinson Worldwide by 8.8% during the third quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock valued at $796,000 after acquiring an additional 746 shares during the period. BNP Paribas Financial Markets lifted its position in shares of C.H. Robinson Worldwide by 21.0% in 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 in the last quarter. Brookstone Capital Management boosted its stake in 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 worth $543,000 after purchasing an additional 605 shares during the period. Finally, SG Americas Securities LLC grew its position in C.H. Robinson Worldwide by 447.6% during the 4th quarter. SG Americas Securities LLC now owns 36,879 shares of the transportation company’s stock worth $3,186,000 after purchasing an additional 30,144 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Wells Fargo & Company assumed coverage on C.H. Robinson Worldwide in a report on Friday, June 7th. They set an “equal weight” rating and a $94.00 price target on the stock. BMO Capital Markets increased their price objective 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. UBS Group raised C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and upped their target price for the stock from $71.00 to $90.00 in a research report on Thursday, June 6th. Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus price target of $85.38.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded down $0.02 on Tuesday, hitting $86.79. 260,227 shares of the company were exchanged, compared to its average volume of 1,661,489. 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 company’s 50 day moving average price is $83.03 and its two-hundred day moving average price is $79.77. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $100.88. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 2.61 and a beta of 0.80.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating 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 analyst estimates of $4.27 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. C.H. Robinson Worldwide’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 year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 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.