C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 424.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 61,401 shares of the transportation company’s stock after acquiring an additional 49,692 shares during the period. First Citizens Bank & Trust Co. owned about 0.05% of C.H. Robinson Worldwide worth $9,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHRW. Burkett Financial Services LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $25,000. Millstone Evans Group LLC increased its stake in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $27,000. NBH Bank purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC increased its stake in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after buying an additional 67 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of several recent research reports. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday. Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Citizens Jmp started coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price for the company. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price for the company. in a research note on Monday. Finally, Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.08.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $137.97 on Wednesday. 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, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The firm has a market capitalization of $16.12 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The stock’s 50-day simple moving average is $147.74 and its 200-day simple moving average is $168.37.

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 analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 earnings per share. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given 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 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.