4,773 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Income Insurance Ltd

Income Insurance Ltd acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,773 shares of the transportation company’s stock, valued at approximately $706,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Albion Financial Group UT acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $940,000. Sowell Financial Services LLC increased its position in shares of C.H. Robinson Worldwide by 723.1% in the third quarter. Sowell Financial Services LLC now owns 42,448 shares of the transportation company’s stock worth $6,281,000 after purchasing an additional 37,291 shares during the period. Axecap Investments LLC increased its position in shares of C.H. Robinson Worldwide by 1,216.5% in the third quarter. Axecap Investments LLC now owns 16,088 shares of the transportation company’s stock worth $2,498,000 after purchasing an additional 14,866 shares during the period. Quadrant Capital Group LLC raised its stake in C.H. Robinson Worldwide by 878.6% in the third quarter. Quadrant Capital Group LLC now owns 43,871 shares of the transportation company’s stock valued at $6,491,000 after purchasing an additional 39,388 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN raised its stake in C.H. Robinson Worldwide by 0.6% in the third quarter. Kirr Marbach & Co. LLC IN now owns 21,343 shares of the transportation company’s stock valued at $3,167,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.3%

Shares of CHRW stock opened at $140.95 on Thursday. The stock’s fifty day moving average price is $146.81 and its two-hundred day moving average price is $167.31. The company has a market cap of $16.47 billion, a PE ratio of 26.90, a P/E/G ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. 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 (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the company posted $1.29 EPS. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend 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 equities research analysts recently weighed in on the stock. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Evercore set a $217.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price on the stock. Finally, Jefferies Financial Group restated a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.