Anchor Investment Management LLC Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Anchor Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 42,903 shares of the transportation company’s stock, valued at approximately $7,762,000.

Several other large investors also recently added to or reduced their stakes in CHRW. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Auto Owners Insurance Co boosted its position 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 purchasing an additional 1,501,744 shares during the period. Norges Bank purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $236,665,000. Capital World Investors purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $165,976,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CHRW shares. Truist Financial upped their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 target price on the stock. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a report on Thursday, July 30th. Finally, Sanford C. Bernstein reduced their price target on C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating for the company in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $196.56.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $0.32 during trading hours on Tuesday, reaching $157.63. The stock had a trading volume of 1,253,121 shares, compared to its average volume of 1,964,519. The stock’s fifty day simple moving average is $163.96 and its 200 day simple moving average is $172.77. The firm has a market capitalization of $18.42 billion, a PE ratio of 30.08, a PEG ratio of 1.29 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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 business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 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 road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.