Stableford Capital II LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,469 shares of the transportation company’s stock, valued at approximately $809,000.
A number of other large investors also recently modified their holdings of the company. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $579,922,000. Auto Owners Insurance Co increased its holdings in C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after buying an additional 1,501,744 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after buying an additional 25,674 shares during the last quarter. Bank of America Corp DE raised its stake in C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after buying an additional 127,103 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in C.H. Robinson Worldwide in the second quarter valued at $172,626,000. 93.15% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CHRW has been the subject of several analyst reports. BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Stifel Nicolaus set a $209.00 target price on C.H. Robinson Worldwide in a research report on Thursday. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Truist Financial lowered their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $194.76.
C.H. Robinson Worldwide Stock Performance
NASDAQ CHRW opened at $141.34 on Friday. The company has a fifty day moving average of $148.33 and a two-hundred day moving average of $168.98. The company has a market capitalization of $16.52 billion, a PE ratio of 26.97, a P/E/G ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $123.64 and a 1 year high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping 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 business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current year.
C.H. Robinson Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $0.63 per share. 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%.
About C.H. Robinson Worldwide
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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