14,098 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by First County Bank CT

First County Bank CT purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, Holdings Channel reports. The institutional investor purchased 14,098 shares of the transportation company’s stock, valued at approximately $2,086,000. C.H. Robinson Worldwide accounts for approximately 0.9% of First County Bank CT’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $579,922,000. Auto Owners Insurance Co raised 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 acquiring an additional 1,501,744 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in C.H. Robinson Worldwide in the second quarter worth approximately $172,626,000. Hamlin Capital Management LLC purchased a new position in C.H. Robinson Worldwide in the third quarter worth approximately $123,176,000. Finally, Sei Investments Co. lifted its stake in 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 worth $109,594,000 after acquiring an additional 555,631 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 1.9%

Shares of NASDAQ:CHRW traded down $2.67 during trading on Tuesday, hitting $137.08. 641,128 shares of the company were exchanged, compared to its average volume of 1,968,965. The firm’s 50 day moving average price is $148.07 and its 200-day moving average price is $168.60. 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 $16.02 billion, a P/E ratio of 26.17, a PEG ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm posted $1.29 EPS. The company’s revenue was up 19.3% on a year-over-year basis. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.25 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

Analyst Ratings Changes

Several research firms have commented on CHRW. BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Truist Financial decreased their price objective on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Robert W. Baird lowered their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Finally, Weiss Ratings lowered C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $192.08.

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.