Blackhawk Capital Partners LLC. Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Blackhawk Capital Partners LLC. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,279 shares of the transportation company’s stock, valued at approximately $1,468,000.

Several other hedge funds have also recently made changes to their positions in CHRW. Vision Capital Management Inc. grew its stake in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after acquiring an additional 129 shares in the last quarter. SkyView Investment Advisors LLC grew its position in C.H. Robinson Worldwide by 3.4% during the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after buying an additional 149 shares during the period. Alliance Wealth Advisors LLC UT grew its position in C.H. Robinson Worldwide by 2.9% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock valued at $503,000 after buying an additional 165 shares during the period. Kentucky Retirement Systems grew its position in C.H. Robinson Worldwide by 2.0% during the fourth quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock valued at $806,000 after buying an additional 181 shares during the period. Finally, Quadrant Capital Group LLC grew its position in C.H. Robinson Worldwide by 13.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock valued at $130,000 after buying an additional 184 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the topic of several research analyst reports. Robert W. Baird lifted their target price on shares of C.H. Robinson Worldwide from $80.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday. Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Barclays boosted their price target on shares of 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. JPMorgan Chase & Co. boosted their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Finally, Evercore ISI upgraded shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $82.00 to $99.00 in a report on Tuesday, June 25th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $85.53.

C.H. Robinson Worldwide Stock Down 1.2 %

Shares of C.H. Robinson Worldwide stock traded down $1.02 during trading hours on Friday, hitting $86.49. The company had a trading volume of 1,430,327 shares, compared to its average volume of 1,368,178. The company’s 50-day moving average is $84.35 and its two-hundred day moving average is $79.90. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $100.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $10.13 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.59 and a beta of 0.80.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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 net margin of 1.74% and a return on equity of 26.34%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were given a dividend of $0.61 per share. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.82%. C.H. Robinson Worldwide’s payout ratio 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.