10,844 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Foster Group Inc.

Foster Group Inc. acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel.com reports. The fund acquired 10,844 shares of the transportation company’s stock, valued at approximately $1,604,000.

A number of other institutional investors and hedge funds have also modified their holdings of CHRW. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $579,922,000. Auto Owners Insurance Co boosted its stake 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. Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $172,626,000. Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $123,176,000. Finally, Sei Investments Co. increased 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 last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CHRW. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $192.08.

C.H. Robinson Worldwide Stock Down 1.3%

C.H. Robinson Worldwide stock opened at $137.97 on Wednesday. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.16 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average of $147.74 and a two-hundred day moving average of $168.37. C.H. Robinson Worldwide, Inc. has a twelve month low of $123.64 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the company posted $1.29 EPS. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.25 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

C.H. Robinson Worldwide Company Profile

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.