M&G PLC Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

M&G PLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 94,612 shares of the transportation company’s stock, valued at approximately $14,003,000. M&G PLC owned 0.08% of C.H. Robinson Worldwide as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide in the 1st quarter valued at approximately $579,922,000. Bank of New York Mellon Corp acquired a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. Hamlin Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $123,176,000. Vontobel Holding Ltd. grew its stake in shares of C.H. Robinson Worldwide by 47,894.2% during the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock worth $122,993,000 after buying an additional 829,527 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of 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 buying an additional 555,631 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

CHRW has been the topic of several recent research reports. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th. Truist Financial reiterated a “buy” rating and issued a $180.00 target price (down from $200.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, October 29th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings lowered C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.52.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $128.99 on Wednesday. The company has a market capitalization of $14.96 billion, a PE ratio of 23.16, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a 50 day simple moving average of $142.81 and a two-hundred day simple moving average of $167.96. 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly 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. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 earnings per share. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Friday, December 4th will be issued a $0.63 dividend. The ex-dividend date is Friday, December 4th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio is currently 45.24%.

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.