C.H. Robinson Worldwide, Inc. $CHRW Stock: Valley National Advisers Inc. Grows Position

Valley National Advisers Inc. lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,631 shares of the transportation company’s stock after purchasing an additional 4,670 shares during the period. Valley National Advisers Inc.’s holdings in C.H. Robinson Worldwide were worth $2,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter valued at about $579,922,000. Bank of New York Mellon Corp bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $172,626,000. Hamlin Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $123,176,000. Vontobel Holding Ltd. grew its stake in shares of C.H. Robinson Worldwide by 47,894.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock valued at $122,993,000 after purchasing an additional 829,527 shares during the period. Finally, Sei Investments Co. increased its position in shares of C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after purchasing an additional 555,631 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the topic of several recent research reports. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. Robert W. Baird reduced their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Truist Financial reduced their target price 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. Finally, Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Trading Down 0.8%

C.H. Robinson Worldwide stock opened at $141.17 on Friday. The stock has a market cap of $16.50 billion, a P/E ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94. 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, Inc. has a 1 year low of $125.41 and a 1 year high of $210.33. The firm’s 50 day moving average price is $146.52 and its 200-day moving average price is $166.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 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.