C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by M&G PLC

M&G PLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, Holdings Channel.com reports. The firm acquired 94,612 shares of the transportation company’s stock, valued at approximately $14,003,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaCore Capital LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $404,000. Leuthold Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 9.6% in the third quarter. Leuthold Group LLC now owns 32,818 shares of the transportation company’s stock worth $4,856,000 after buying an additional 2,864 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of C.H. Robinson Worldwide by 7.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,442 shares of the transportation company’s stock worth $833,000 after buying an additional 397 shares in the last quarter. Euro Pacific Asset Management LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $6,755,000. Finally, Avantax Planning Partners Inc. boosted its position in shares of C.H. Robinson Worldwide by 46.1% in the third quarter. Avantax Planning Partners Inc. now owns 5,244 shares of the transportation company’s stock valued at $776,000 after acquiring an additional 1,655 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $128.99 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.34 and a current ratio of 1.34. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $122.21 and a fifty-two week high of $210.33. The firm has a market cap of $14.96 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.05 and a beta of 0.95. The business’s 50 day moving average price is $142.81 and its 200-day moving average price is $167.96.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.05. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the business posted $1.40 EPS. The company’s quarterly revenue was up 29.5% on a year-over-year basis. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.36 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 45.24%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CHRW shares. Stephens decreased their target price on shares of C.H. Robinson Worldwide from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Jefferies Financial Group reissued a “buy” rating and issued a $180.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th. Stifel Nicolaus cut their price target on shares of C.H. Robinson Worldwide from $209.00 to $198.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Robert W. Baird reduced 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 research report on Tuesday, July 28th. Finally, Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average target price of $180.52.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide is a third-party logistics provider that arranges freight transportation and supply chain services for businesses. Its offerings include truckload, less-than-truckload, intermodal, ocean and air freight, as well as customs brokerage and freight forwarding. The company also provides managed transportation and logistics technology to help customers plan, coordinate and track shipments. It works with carriers and other transportation providers to move goods across domestic and international supply chains.