C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 63,850.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,301 shares of the transportation company’s stock after purchasing an additional 24,263 shares during the quarter. Plato Investment Management Ltd’s holdings in C.H. Robinson Worldwide were worth $1,850,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Empirical Finance LLC raised its stake in C.H. Robinson Worldwide by 3.4% during the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock worth $325,000 after acquiring an additional 140 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its stake in C.H. Robinson Worldwide by 2.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock worth $503,000 after acquiring an additional 165 shares in the last quarter. Redwood Investment Management LLC raised its stake in C.H. Robinson Worldwide by 0.6% during the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock worth $2,143,000 after acquiring an additional 165 shares in the last quarter. Kentucky Retirement Systems raised its stake in C.H. Robinson Worldwide by 2.0% during the 4th quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock worth $806,000 after acquiring an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in C.H. Robinson Worldwide by 13.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock worth $130,000 after acquiring an additional 184 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

CHRW stock traded up $13.16 during trading on Thursday, reaching $102.21. 4,117,408 shares of the company were exchanged, compared to its average volume of 1,666,728. The company has a market cap of $11.97 billion, a P/E ratio of 40.40, a PEG ratio of 2.33 and a beta of 0.80. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $105.41. The stock’s 50 day moving average price is $87.47 and its 200 day moving average price is $80.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 3.68 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of recent research reports. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company lifted their price objective on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Raymond James initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They issued a “market perform” rating on the stock. Finally, Evercore ISI upgraded shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $82.00 to $99.00 in a research note on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $94.00.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.