Valeo Financial Advisors LLC Purchases New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Valeo Financial Advisors LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel.com reports. The fund bought 34,235 shares of the transportation company’s stock, valued at approximately $5,065,000.

Other hedge funds have also bought and sold shares of the company. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $579,922,000. Auto Owners Insurance Co increased its position in 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 worth $24,293,000 after purchasing an additional 1,501,744 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in 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 last quarter. Bank of America Corp DE increased its holdings in shares of 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 worth $175,304,000 after buying an additional 127,103 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $172,626,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 3.2%

Shares of NASDAQ:CHRW traded up $4.27 during trading hours on Thursday, hitting $139.45. The company’s stock had a trading volume of 832,664 shares, compared to its average volume of 1,971,266. The firm’s fifty day moving average price is $148.44 and its 200 day moving average price is $169.17. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week high of $210.33. The company has a market capitalization of $16.29 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 1.13 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

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 (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed 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 of this dividend 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 (DPR) is presently 48.09%.

Wall Street Analyst Weigh In

CHRW has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research note on Monday. Truist Financial lowered their price objective on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America reissued a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.76.

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.