C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Lifted by Versant Capital Management Inc

Versant Capital Management Inc boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 682.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,875 shares of the transportation company’s stock after buying an additional 5,124 shares during the quarter. Versant Capital Management Inc’s holdings in C.H. Robinson Worldwide were worth $869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the first quarter worth about $579,922,000. Auto Owners Insurance Co increased its holdings in shares of C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after acquiring an additional 1,501,744 shares in the last quarter. Capital World Investors purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $165,976,000. Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $172,626,000. Finally, Sei Investments Co. boosted its stake in C.H. Robinson Worldwide by 532.7% in the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after purchasing 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

CHRW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Monday. Truist Financial upped their target price on 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, Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average target price of $196.56.

C.H. Robinson Worldwide Stock Up 3.5%

CHRW stock opened at $153.14 on Friday. The firm’s fifty day simple moving average is $151.15 and its 200-day simple moving average is $170.01. The company has a market capitalization of $17.89 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 earnings per share. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 yield of 1.6%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

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 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.