Cascade Investment Advisors Inc. Buys 1,450 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cascade Investment Advisors Inc. increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,350 shares of the transportation company’s stock after purchasing an additional 1,450 shares during the period. Cascade Investment Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its stake in C.H. Robinson Worldwide by 2.4% in the third quarter. Teacher Retirement System of Texas now owns 9,025 shares of the transportation company’s stock worth $777,000 after buying an additional 213 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in C.H. Robinson Worldwide by 4.0% in the third quarter. Daiwa Securities Group Inc. now owns 9,652 shares of the transportation company’s stock worth $831,000 after buying an additional 372 shares in the last quarter. WealthPlan Investment Management LLC boosted its stake in C.H. Robinson Worldwide by 414.7% in the third quarter. WealthPlan Investment Management LLC now owns 2,805 shares of the transportation company’s stock worth $242,000 after buying an additional 2,260 shares in the last quarter. M&T Bank Corp boosted its stake in C.H. Robinson Worldwide by 8.1% in the third quarter. M&T Bank Corp now owns 6,546 shares of the transportation company’s stock worth $564,000 after buying an additional 488 shares in the last quarter. Finally, FDx Advisors Inc. boosted its stake in C.H. Robinson Worldwide by 15.4% in the third quarter. FDx Advisors Inc. now owns 2,543 shares of the transportation company’s stock worth $219,000 after buying an additional 339 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Trading Up 0.3 %

Shares of C.H. Robinson Worldwide stock traded up $0.25 during midday trading on Thursday, reaching $84.60. 2,228,330 shares of the company’s stock traded hands, compared to its average volume of 1,658,492. The stock has a 50 day moving average of $75.45 and a 200-day moving average of $79.14. 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 has a market cap of $9.91 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 2.45 and a beta of 0.75. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $101.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data 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. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 3.59 EPS 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. Shareholders of record on Friday, June 7th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.88%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 96.44%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CHRW shares. StockNews.com raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Susquehanna increased their price objective on 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. Barclays increased their price objective on 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. TD Cowen increased their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Finally, Raymond James initiated coverage on C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They set a “market perform” rating for the company. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.60.

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.