Journey Retirement Planning & Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,701 shares of the transportation company’s stock, valued at approximately $1,139,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter worth approximately $579,922,000. Auto Owners Insurance Co lifted its holdings in shares of 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 purchasing an additional 1,501,744 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $123,176,000. Finally, Sei Investments Co. grew its holdings in shares of C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after acquiring an additional 555,631 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday. Stifel Nicolaus set a $209.00 price objective 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 report on Friday, July 31st. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Finally, Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $194.76.
C.H. Robinson Worldwide Stock Performance
Shares of CHRW traded up $1.15 on Friday, reaching $142.49. The company’s stock had a trading volume of 731,722 shares, compared to its average volume of 1,973,357. The stock’s 50 day simple moving average is $148.33 and its two-hundred day simple moving average is $168.98. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month 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. The stock has a market capitalization of $16.65 billion, a P/E ratio of 27.23, 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 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.21 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 Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is presently 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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