Plato Investment Management Ltd Acquires New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Plato Investment Management Ltd bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 11,814 shares of the transportation company’s stock, valued at approximately $2,212,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $25,000. Millstone Evans Group LLC increased its stake in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its position in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Finally, Bayban purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 2.6%

CHRW stock opened at $144.78 on Tuesday. The stock has a market capitalization of $16.92 billion, a P/E ratio of 27.63, a PEG ratio of 1.26 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a one year low of $120.65 and a one year high of $210.33. The company has a 50 day moving average price of $179.36 and a two-hundred day moving average price of $178.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the firm posted $1.29 EPS. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird reduced their price objective on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Citigroup dropped their price objective on C.H. Robinson Worldwide from $204.00 to $196.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Finally, UBS Group boosted their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $197.00.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.