Patriot Investment Management Group Inc. Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Patriot Investment Management Group Inc. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, Holdings Channel reports. The firm bought 3,535 shares of the transportation company’s stock, valued at approximately $523,000.

A number of other large investors have also bought and sold shares of the company. Vann Equity Management LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $641,000. Argent Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $5,017,000. Amundi lifted its holdings in C.H. Robinson Worldwide by 24.7% in the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock valued at $56,227,000 after acquiring an additional 67,108 shares during the period. Empowered Funds LLC boosted its holdings in C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock worth $11,081,000 after buying an additional 55,005 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $10,997,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $143.82 on Friday. 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 one year low of $125.35 and a one year high of $210.33. The company has a market capitalization of $16.81 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The stock has a fifty day moving average of $147.40 and a 200-day moving average of $168.05.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The business 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 firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $0.63 dividend. 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 presently 48.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $170.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday. One investment 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. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.20.

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.