Atwood & Palmer Inc. acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 4,386 shares of the transportation company’s stock, valued at approximately $649,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter valued at about $579,922,000. Auto Owners Insurance Co grew its holdings in shares of C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after purchasing an additional 1,501,744 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. Hamlin Capital Management LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $123,176,000. Finally, Sei Investments Co. raised its holdings in C.H. Robinson Worldwide by 532.7% in the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after buying an additional 555,631 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on CHRW. Robert W. Baird reduced their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research note on Monday. Raymond James Financial set a $192.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Finally, Truist Financial lowered their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.76.
C.H. Robinson Worldwide Trading Up 4.6%
C.H. Robinson Worldwide stock traded up $6.16 during trading hours on Thursday, reaching $141.34. 2,455,506 shares of the company’s stock were exchanged, compared to its average volume of 1,980,095. The firm’s 50 day simple moving average is $148.44 and its 200 day simple moving average is $169.17. C.H. Robinson Worldwide, Inc. has a twelve month low of $123.64 and a twelve month high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $16.52 billion, a PE ratio of 26.97, a PEG ratio of 1.13 and a beta of 0.94.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the business earned $1.29 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share for the current year.
C.H. Robinson Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is 48.09%.
C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.
Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.
Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.
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