Naples Money Management LLC Invests $181,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Naples Money Management LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,100 shares of the transportation company’s stock, valued at approximately $181,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $30,000. Larson Financial Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $31,000. Pacific Center for Financial Services acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $34,000. Avior Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 71.4% in the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 177 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $50,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.9 %

Shares of CHRW traded up $1.35 during mid-day trading on Friday, reaching $71.22. The company’s stock had a trading volume of 1,570,637 shares, compared to its average volume of 1,595,208. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 3.54 and a beta of 0.72. The business has a fifty day moving average of $72.99 and a 200 day moving average of $80.11. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.35 billion. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is currently 90.04%.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research analyst reports. Susquehanna upped their target price on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Wells Fargo & Company cut their price objective on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. Barclays reaffirmed an “underweight” rating and set a $65.00 target price (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. JPMorgan Chase & Co. cut their price target on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $76.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $81.21.

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.