Probity Advisors Inc. Acquires 4,117 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Probity Advisors Inc. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,117 shares of the transportation company’s stock, valued at approximately $609,000.

Several other large investors also recently modified their holdings of the stock. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth $579,922,000. Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide in the second quarter valued at about $172,626,000. Hamlin Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $123,176,000. Vontobel Holding Ltd. raised its stake in C.H. Robinson Worldwide by 47,894.2% in the third 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 in the last quarter. Finally, Sei Investments Co. lifted 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.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $141.17 on Monday. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.41 and a 52-week high of $210.33. The business’s fifty day moving average is $146.52 and its 200-day moving average is $166.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.17 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, topping analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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 $0.63 dividend. 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 dividend payout ratio (DPR) is 48.09%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CHRW shares. UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Truist Financial decreased their target price on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stephens cut 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 report on Thursday, July 30th. Finally, Robert W. Baird cut their price target 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. One equities 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

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.