C.H. Robinson Worldwide Inc (CHRW) Shares Bought by AMP Capital Investors Ltd
AMP Capital Investors Ltd increased its holdings in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 41.4% in the third quarter, HoldingsChannel reports. The firm owned 79,079 shares of the transportation company’s stock after acquiring an additional 23,164 shares during the period. AMP Capital Investors Ltd’s holdings in C.H. Robinson Worldwide were worth $7,703,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CHRW. Fort L.P. acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $116,000. Piedmont Investment Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $132,000. Migdal Insurance & Financial Holdings Ltd. increased its position in C.H. Robinson Worldwide by 104.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,647 shares of the transportation company’s stock worth $161,000 after purchasing an additional 841 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $197,000. Finally, Logan Capital Management Inc. acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $205,000. 86.14% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Ben G. Campbell sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $100.00, for a total transaction of $400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by company insiders.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.08. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.22%. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts anticipate that C.H. Robinson Worldwide Inc will post 4.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.46. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.87%.
A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Monday. Morgan Stanley set a $67.00 price objective on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research report on Monday, October 22nd. Cleveland Research reaffirmed a “neutral” rating on shares of C.H. Robinson Worldwide in a research report on Friday, October 19th. Loop Capital started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 17th. They issued a “buy” rating and a $107.00 price objective for the company. Finally, Citigroup lowered their price objective on shares of C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $97.13.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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