Western Financial Corp CA Buys New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Western Financial Corp CA bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,867 shares of the transportation company’s stock, valued at approximately $572,000.

Several other large investors have also recently bought and sold shares of the company. Vann Equity Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $641,000. Argent Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $5,017,000. Amundi boosted its stake in C.H. Robinson Worldwide by 24.7% in the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock worth $56,227,000 after buying an additional 67,108 shares in the last quarter. Empowered Funds LLC boosted its stake in C.H. Robinson Worldwide by 469.4% in 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 bought a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $10,997,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Up 1.1%

Shares of C.H. Robinson Worldwide stock traded up $1.48 on Wednesday, hitting $139.45. The stock had a trading volume of 1,918,687 shares, compared to its average volume of 1,975,656. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The stock’s 50-day simple moving average is $147.74 and its two-hundred day simple moving average is $168.37. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.16 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates 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 revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHRW shares. Robert W. Baird cut 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 note on Tuesday, July 28th. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Truist Financial reduced their price objective on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.08.

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.