15,464 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Mechanics Bank Trust Department

Mechanics Bank Trust Department purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,464 shares of the transportation company’s stock, valued at approximately $2,288,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Auto Owners Insurance Co raised its stake in shares of 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 purchasing an additional 1,501,744 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $172,626,000. Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth about $123,176,000. Finally, Sei Investments Co. grew its stake in C.H. Robinson Worldwide by 532.7% in the first 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 institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Weiss Ratings lowered C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Stephens lowered their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Finally, Evercore set a $217.00 price target on C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.08.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded down $1.78 during trading on Tuesday, reaching $137.97. 1,959,232 shares of the company’s stock traded hands, compared to its average volume of 1,975,947. The stock has a market capitalization of $16.12 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. 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 50 day moving average of $148.07 and a 200-day moving average of $168.60. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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 firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the company posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current 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 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 dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

C.H. Robinson Worldwide Company 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.