4,386 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Atwood & Palmer Inc.

Atwood & Palmer Inc. bought 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. The firm bought 4,386 shares of the transportation company’s stock, valued at approximately $649,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. WCM Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Auto Owners Insurance Co lifted its holdings in C.H. Robinson Worldwide by 15,976.0% during 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 last quarter. Bank of New York Mellon Corp acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $172,626,000. Hamlin Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $123,176,000. Finally, Sei Investments Co. grew its holdings 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 valued at $109,594,000 after buying an additional 555,631 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research reports. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday. UBS Group reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Stephens dropped their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, Bank of America reissued a “buy” rating and issued a $203.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $194.76.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $6.16 during trading hours on Thursday, reaching $141.34. The company’s stock had a trading volume of 2,455,506 shares, compared to its average volume of 1,980,095. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The firm’s 50 day simple moving average is $148.44 and its 200-day simple moving average is $169.17. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.13 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 EPS. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

C.H. Robinson Worldwide 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.