Charles Schwab Trust Co Buys 23,199 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Charles Schwab Trust Co purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,199 shares of the transportation company’s stock, valued at approximately $3,433,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vann Equity Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $641,000. Argent Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the first quarter valued at about $5,017,000. Amundi lifted its position in C.H. Robinson Worldwide by 24.7% during the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock worth $56,227,000 after purchasing an additional 67,108 shares during the period. Empowered Funds LLC lifted its position 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 purchasing an additional 55,005 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in C.H. Robinson Worldwide during the first quarter worth about $10,997,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Robert W. Baird lowered their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $191.20.

C.H. Robinson Worldwide Trading Up 1.2%

Shares of NASDAQ:CHRW traded up $1.68 during midday trading on Thursday, hitting $141.13. 500,503 shares of the stock were exchanged, compared to its average volume of 1,968,072. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.14 and a beta of 0.94. The business’s 50-day moving average price is $147.45 and its 200 day moving average price is $168.17. 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 12 month low of $125.35 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations 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 revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current 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 issued a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

About C.H. Robinson Worldwide

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.