Great Lakes Advisors LLC Acquires New Position in C.H. Robinson Worldwide, Inc. $CHRW

Great Lakes Advisors LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 15,482 shares of the transportation company’s stock, valued at approximately $2,916,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. Vanguard Group Inc. boosted its stake in shares of C.H. Robinson Worldwide by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after buying an additional 364,163 shares in the last quarter. State Street Corp raised its position in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Wellington Management Group LLP lifted its holdings in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares during the period. Boston Partners lifted its holdings in C.H. Robinson Worldwide by 6.1% in the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after acquiring an additional 213,245 shares during the period. Finally, WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $579,922,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts 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 note on Wednesday, May 20th. Stephens lowered their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and issued a $237.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Truist Financial lifted 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. Finally, Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $197.00.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $143.83 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $176.67 and its 200 day moving average price is $177.51. C.H. Robinson Worldwide, Inc. has a 52 week low of $120.65 and a 52 week high of $210.33. The stock has a market cap of $16.81 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.22 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be 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 is Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

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.