Public Employees Retirement System of Ohio Buys Shares of 36,417 C.H. Robinson Worldwide, Inc. $CHRW

Public Employees Retirement System of Ohio purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 36,417 shares of the transportation company’s stock, valued at approximately $6,859,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its stake in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $579,922,000. Auto Owners Insurance Co raised its stake in shares of 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 in the last quarter. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $236,665,000. Finally, Capital World Investors bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $165,976,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 1.2%

Shares of C.H. Robinson Worldwide stock opened at $147.88 on Wednesday. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33. 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 stock has a 50 day moving average price of $170.36 and a two-hundred day moving average price of $174.62. The stock has a market capitalization of $17.28 billion, a P/E ratio of 28.22, a PEG ratio of 1.27 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating 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 quarter last year, the firm posted $1.29 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Evercore restated an “outperform” rating and set a $237.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $197.00.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.