18,440 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Neumann Capital Management LLC

Neumann Capital Management LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 18,440 shares of the transportation company’s stock, valued at approximately $2,728,000.

A number of other hedge funds also recently made changes to their positions in CHRW. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Auto Owners Insurance Co raised its stake in 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 acquiring an additional 1,501,744 shares during the period. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $172,626,000. Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $123,176,000. Finally, Sei Investments Co. boosted its position in C.H. Robinson Worldwide by 532.7% during 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 during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on CHRW. Raymond James Financial reiterated an “outperform” rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Bank of America restated a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $191.20.

C.H. Robinson Worldwide Stock Up 3.1%

CHRW stock opened at $143.82 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $16.81 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.16 and a beta of 0.94. The business’s fifty day moving average price is $147.40 and its two-hundred day moving average price is $168.05. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 earnings per share. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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