WCM Investment Management LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 3,581,536 shares of the transportation company’s stock, valued at approximately $579,922,000.

A number of other institutional investors have also recently made changes to their positions in the company. Vestcor Inc increased its holdings in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock worth $1,029,000 after acquiring an additional 51 shares during the last quarter. Horizon Investments LLC lifted its position in shares of C.H. Robinson Worldwide by 3.1% during the fourth quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after acquiring an additional 58 shares in the last quarter. Signaturefd LLC lifted its position in shares of C.H. Robinson Worldwide by 3.6% during the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after acquiring an additional 59 shares in the last quarter. Brendel Financial Advisors LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2.2% in the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after acquiring an additional 61 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $208.50 on Monday. C.H. Robinson Worldwide, Inc. has a 1 year low of $96.27 and a 1 year high of $208.83. The firm has a market cap of $24.58 billion, a PE ratio of 42.21, a PEG ratio of 1.80 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The company has a 50 day simple moving average of $183.71 and a two-hundred day simple moving average of $179.46.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. Analysts expect that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.2%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $200.00 in a research report on Wednesday, May 20th. JPMorgan Chase & Co. increased their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Truist Financial boosted their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. Finally, Bank of America lowered their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $198.62.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.