Hartford Investment Management Co. Has $1.08 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Posted by Defense World Staff on Aug 19th, 2023

C.H. Robinson Worldwide logo Hartford Investment Management Co. lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 15.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,877 shares of the transportation company’s stock after acquiring an additional 1,488 shares during the quarter. Hartford Investment Management Co.’s holdings in C.H. Robinson Worldwide were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. American Century Companies Inc. increased its position in C.H. Robinson Worldwide by 11.1% during the first quarter. American Century Companies Inc. now owns 8,782 shares of the transportation company’s stock worth $946,000 after buying an additional 880 shares during the last quarter. Private Advisor Group LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth $207,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in C.H. Robinson Worldwide by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,393 shares of the transportation company’s stock worth $1,873,000 after buying an additional 1,077 shares during the last quarter. Yousif Capital Management LLC increased its position in C.H. Robinson Worldwide by 1.6% during the first quarter. Yousif Capital Management LLC now owns 23,349 shares of the transportation company’s stock worth $2,515,000 after buying an additional 365 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in C.H. Robinson Worldwide by 12.8% during the first quarter. Raymond James Trust N.A. now owns 3,657 shares of the transportation company’s stock worth $394,000 after buying an additional 414 shares during the last quarter. 96.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHRW shares. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Citigroup upped their price target on shares of C.H. Robinson Worldwide from $94.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Stifel Nicolaus decreased their price target on shares of C.H. Robinson Worldwide from $97.00 to $90.00 and set a “hold” rating for the company in a report on Wednesday, July 19th. StockNews.com assumed coverage on shares of C.H. Robinson Worldwide in a research note on Thursday. They issued a “hold” rating for the company. Finally, Loop Capital reduced their target price on shares of C.H. Robinson Worldwide from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.91.

Read Our Latest Stock Analysis on CHRW

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $94.99 on Friday. The company has a 50 day moving average of $95.83 and a 200-day moving average of $97.81. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. C.H. Robinson Worldwide, Inc. has a 1-year low of $86.60 and a 1-year high of $121.23. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 3.42 and a beta of 0.78.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its earnings results on Wednesday, August 2nd. The transportation company reported $0.90 EPS for the quarter, hitting analysts’ consensus estimates of $0.90. C.H. Robinson Worldwide had a net margin of 2.67% and a return on equity of 39.80%. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.62 billion. During the same quarter in the previous year, the business earned $2.67 EPS. The business’s quarterly revenue was down 35.0% compared to the same quarter last year. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.76 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.57%. C.H. Robinson Worldwide’s dividend payout ratio is 56.09%.

C.H. Robinson Worldwide Company Profile

(Free Report)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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.