45,152 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Strategy Asset Managers LLC

Strategy Asset Managers LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel reports. The fund acquired 45,152 shares of the transportation company’s stock, valued at approximately $6,681,000.

A number of other hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $579,922,000. Auto Owners Insurance Co raised its holdings 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 last quarter. Dimensional Fund Advisors LP lifted its stake in shares of C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after purchasing an additional 25,674 shares during the period. Bank of America Corp DE lifted its stake in shares of C.H. Robinson Worldwide by 13.7% during the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after purchasing an additional 127,103 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $172,626,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $209.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, October 8th. Sanford C. Bernstein reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Jefferies Financial Group reissued a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. UBS Group restated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective for the company. One 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.08.

C.H. Robinson Worldwide Stock Up 1.1%

Shares of NASDAQ CHRW opened at $139.45 on Thursday. The stock has a market capitalization of $16.29 billion, a PE ratio of 26.61, a P/E/G ratio of 1.14 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a fifty day moving average of $147.45 and a 200-day moving average of $168.17. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33.

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 the consensus estimate 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 business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company posted $1.29 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date 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 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.