Gerald Baker Financial Group LLC Buys 27,986 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Gerald Baker Financial Group LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 27,986 shares of the transportation company’s stock, valued at approximately $4,141,000. C.H. Robinson Worldwide comprises approximately 1.1% of Gerald Baker Financial Group LLC’s investment portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRW. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st 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 fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after purchasing an additional 1,501,744 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $172,626,000. Hamlin Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $123,176,000. Finally, Sei Investments Co. raised its position in shares of C.H. Robinson Worldwide by 532.7% during 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 during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.0%

Shares of NASDAQ CHRW traded up $1.35 during midday trading on Friday, hitting $142.69. The company’s stock had a trading volume of 695,703 shares, compared to its average volume of 1,973,080. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The business’s fifty day simple moving average is $148.33 and its two-hundred day simple moving average is $168.98. C.H. Robinson Worldwide, Inc. has a 1 year low of $123.64 and a 1 year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $4.35 billion. During the same period in the prior year, the business earned $1.29 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Ratings Changes

CHRW has been the subject of several research reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Robert W. Baird reduced their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Finally, Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, July 30th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.76.

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.