3,867 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Western Financial Corp CA

Western Financial Corp CA acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,867 shares of the transportation company’s stock, valued at approximately $572,000.

Several other hedge funds have also added to or reduced their stakes in CHRW. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $579,922,000. Auto Owners Insurance Co raised its holdings in shares of C.H. Robinson Worldwide by 15,976.0% in 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 period. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 25,674 shares during the period. Bank of America Corp DE lifted its stake in C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after purchasing an additional 127,103 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CHRW shares. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research note on Thursday, October 8th. Finally, Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, October 6th. 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’s stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.08.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded up $1.48 during trading on Wednesday, reaching $139.45. 1,918,687 shares of the company’s stock traded hands, compared to its average volume of 1,975,656. The firm’s 50-day moving average is $147.74 and its 200 day moving average is $168.37. The company has a market capitalization of $16.29 billion, a P/E ratio of 26.61, a PEG ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

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

C.H. Robinson Worldwide Announces Dividend

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

C.H. Robinson Worldwide Company 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.