C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Charles Schwab Trust Co

Charles Schwab Trust Co acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,199 shares of the transportation company’s stock, valued at approximately $3,433,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $579,922,000. Dimensional Fund Advisors LP lifted its stake in shares of C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after buying an additional 25,674 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 worth $175,304,000 after buying an additional 127,103 shares during the period. Bank of New York Mellon Corp bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth approximately $172,626,000. Finally, Hamlin Capital Management LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $123,176,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Finally, Evercore set a $217.00 target price on C.H. Robinson Worldwide in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.20.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $1.68 during trading hours on Thursday, hitting $141.13. 500,503 shares of the company’s stock traded hands, compared to its average volume of 1,968,072. The firm has a market cap of $16.49 billion, a P/E ratio of 26.92, a P/E/G ratio of 1.14 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33. The business’s fifty day simple moving average is $147.45 and its two-hundred day simple moving average is $168.17. The company has a quick ratio of 1.58, a current 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 business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 earnings per share. On average, research analysts anticipate 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 business also recently disclosed 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. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

About C.H. Robinson Worldwide

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.