Euro Pacific Asset Management LLC Purchases New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Euro Pacific Asset Management LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 45,653 shares of the transportation company’s stock, valued at approximately $6,755,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth $579,922,000. Auto Owners Insurance Co increased its holdings in C.H. Robinson Worldwide by 15,976.0% in the 4th 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 during the last quarter. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $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. lifted 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 owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded down $1.78 on Tuesday, reaching $137.97. The company’s stock had a trading volume of 1,959,232 shares, compared to its average volume of 1,975,947. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33. The company has a market cap of $16.12 billion, a P/E ratio of 26.33, a PEG ratio of 1.18 and a beta of 0.94. The company has a 50-day simple moving average of $148.07 and a 200 day simple moving average of $168.60. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date 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 currently 48.09%.

Analyst Ratings Changes

CHRW has been the subject of several research reports. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Weiss Ratings cut C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Stephens decreased their target price on 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 set a $217.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, UBS Group restated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

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.