4,417 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Veracity Capital LLC

Veracity Capital LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,417 shares of the transportation company’s stock, valued at approximately $654,000.

Other large investors have also recently bought and sold shares of the company. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $579,922,000. Auto Owners Insurance Co lifted its stake in shares of C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after buying an additional 1,501,744 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $172,626,000. Sei Investments Co. grew 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 buying an additional 555,631 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at about $74,523,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CHRW shares. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. UBS Group restated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.76.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded up $4.04 during mid-day trading on Thursday, reaching $139.22. 808,394 shares of the stock were exchanged, compared to its average volume of 1,971,266. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The firm has a 50-day simple moving average of $148.44 and a 200 day simple moving average of $169.17. 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 issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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 dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is 48.09%.

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 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.