4,167 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Gibbs Wealth Management

Gibbs Wealth Management purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 1st quarter, Holdings Channel reports. The fund purchased 4,167 shares of the transportation company’s stock, valued at approximately $692,000.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth $579,922,000. Auto Owners Insurance Co increased its holdings in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after buying an additional 1,501,744 shares during the last quarter. Norges Bank bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth $236,665,000. Finally, Capital World Investors bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth $165,976,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. BMO Capital Markets upped their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Barclays raised their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market outperform” rating for the company. Finally, Truist Financial boosted their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $199.46.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $186.51 on Friday. The company has a market cap of $21.98 billion, a P/E ratio of 37.76, a P/E/G ratio of 1.77 and a beta of 0.91. The firm’s fifty day moving average price is $187.53 and its two-hundred day moving average price is $180.77. C.H. Robinson Worldwide, Inc. has a one year low of $96.89 and a one year high of $210.33. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company posted $1.17 EPS. C.H. Robinson Worldwide’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a dividend of $0.63 per share. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.