C.H. Robinson Worldwide, Inc. $CHRW Stock Position Raised by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 320.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,333 shares of the transportation company’s stock after buying an additional 6,349 shares during the period. Chicago Partners Investment Group LLC’s holdings in C.H. Robinson Worldwide were worth $1,176,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CHRW. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at $579,922,000. Dimensional Fund Advisors LP boosted its position in shares of C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after buying an additional 25,674 shares in the last quarter. Bank of America Corp DE boosted its position in shares of C.H. Robinson Worldwide by 13.7% in the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after buying an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at about $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $123,176,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CHRW. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $180.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th. Citigroup lowered their price target on shares of C.H. Robinson Worldwide from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. UBS Group dropped their price objective on shares of C.H. Robinson Worldwide from $230.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Susquehanna dropped their price objective on shares of C.H. Robinson Worldwide from $180.00 to $166.00 and set a “positive” rating for the company in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $180.52.

C.H. Robinson Worldwide Trading Up 2.9%

Shares of CHRW stock opened at $128.99 on Tuesday. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.09 and a beta of 0.95. The company has a current ratio of 1.34, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $143.22 and a 200 day moving average price of $168.21. C.H. Robinson Worldwide, Inc. has a twelve month low of $122.21 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.05. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the company earned $1.40 EPS. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.36 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Friday, December 4th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio is presently 45.24%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide is a third-party logistics provider that arranges freight transportation and supply chain services for businesses. Its offerings include truckload, less-than-truckload, intermodal, ocean and air freight, as well as customs brokerage and freight forwarding.

The company also provides managed transportation and logistics technology to help customers plan, coordinate and track shipments. It works with carriers and other transportation providers to move goods across domestic and international supply chains.

Founded in 1905 as a produce business, C.H.