Root Financial Partners LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Root Financial Partners LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 6,028 shares of the transportation company’s stock, valued at approximately $892,000.

Other large investors have also bought and sold shares of the company. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the first quarter valued at $579,922,000. Dimensional Fund Advisors LP raised its holdings in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after purchasing an additional 25,674 shares during the period. Bank of America Corp DE increased its position in C.H. Robinson Worldwide by 13.7% in the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after buying an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at about $172,626,000. Finally, Hamlin Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $123,176,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 0.8%

C.H. Robinson Worldwide stock opened at $141.17 on Friday. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The firm’s fifty day moving average price is $146.52 and its two-hundred day moving average price is $166.95. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.41 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 48.09%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target on the stock. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Truist Financial decreased their price objective on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Jefferies Financial Group restated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.