4,773 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Income Insurance Ltd

Income Insurance Ltd purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel reports. The institutional investor purchased 4,773 shares of the transportation company’s stock, valued at approximately $706,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Albion Financial Group UT bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $940,000. Sowell Financial Services LLC boosted its position in C.H. Robinson Worldwide by 723.1% in the third quarter. Sowell Financial Services LLC now owns 42,448 shares of the transportation company’s stock valued at $6,281,000 after buying an additional 37,291 shares in the last quarter. Axecap Investments LLC boosted its position in C.H. Robinson Worldwide by 1,216.5% in the third quarter. Axecap Investments LLC now owns 16,088 shares of the transportation company’s stock valued at $2,498,000 after buying an additional 14,866 shares in the last quarter. Quadrant Capital Group LLC boosted its position in C.H. Robinson Worldwide by 878.6% in the third quarter. Quadrant Capital Group LLC now owns 43,871 shares of the transportation company’s stock valued at $6,491,000 after buying an additional 39,388 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN grew its stake in shares of C.H. Robinson Worldwide by 0.6% during the third quarter. Kirr Marbach & Co. LLC IN now owns 21,343 shares of the transportation company’s stock worth $3,167,000 after buying an additional 119 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHRW. Truist Financial lowered their price target on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. BMO Capital Markets cut their price objective on C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a report on Friday, October 16th. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Stock Up 0.3%

Shares of NASDAQ CHRW opened at $140.95 on Thursday. The company has a 50 day simple moving average of $146.81 and a 200 day simple moving average of $167.31. The firm has a market cap of $16.47 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. 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 posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the company earned $1.29 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS 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. Shareholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio 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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.