Elmwood Wealth Management Inc. Buys New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Elmwood Wealth Management Inc. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,763 shares of the transportation company’s stock, valued at approximately $557,000.

Several other large investors have also recently made changes to their positions in the company. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $579,922,000. Auto Owners Insurance Co boosted its stake in C.H. Robinson Worldwide by 15,976.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after purchasing an additional 1,501,744 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth $172,626,000. Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $123,176,000. Finally, Sei Investments Co. grew its holdings in shares of C.H. Robinson Worldwide by 532.7% during the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after buying an additional 555,631 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CHRW shares. Deutsche Bank Aktiengesellschaft cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price for the company. in a research report on Monday. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. UBS Group reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Stephens cut their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

C.H. Robinson Worldwide Trading Up 1.1%

Shares of CHRW traded up $1.48 during trading on Wednesday, reaching $139.45. 1,918,687 shares of the company traded hands, compared to its average volume of 1,975,656. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The stock has a market cap of $16.29 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The stock has a 50-day simple moving average of $147.74 and a 200-day simple moving average of $168.37. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (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 business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the firm earned $1.29 EPS. The business’s revenue was up 19.3% on a year-over-year basis. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.25 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued 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 (DPR) is 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.