C.H. Robinson Worldwide, Inc. $CHRW Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 77.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,614 shares of the transportation company’s stock after buying an additional 30,287 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in C.H. Robinson Worldwide were worth $10,300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dogwood Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after purchasing an additional 65 shares during the period. Cornerstone Planning Group LLC lifted its position in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the last quarter. Millstone Evans Group LLC lifted its position in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Root Financial Partners LLC lifted its position in C.H. Robinson Worldwide by 8.7% in the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 82 shares during the period. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets cut their target price on shares of 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. UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Stephens dropped their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. One research 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of CHRW opened at $141.17 on Friday. The firm’s 50-day moving average price is $146.52 and its 200-day moving average price is $166.95. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.41 and a 1-year 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 firm had revenue of $4.93 billion for 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 business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 EPS. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

C.H. Robinson Worldwide 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.