27,986 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by Gerald Baker Financial Group LLC

Gerald Baker Financial Group LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 27,986 shares of the transportation company’s stock, valued at approximately $4,141,000. C.H. Robinson Worldwide comprises about 1.1% of Gerald Baker Financial Group LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at approximately $579,922,000. Auto Owners Insurance Co boosted its position in shares of C.H. Robinson Worldwide by 15,976.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after acquiring an additional 1,501,744 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $172,626,000. Hamlin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $123,176,000. Finally, Sei Investments Co. increased its position in C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after purchasing an additional 555,631 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on CHRW shares. Susquehanna increased their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Raymond James Financial set a $192.00 price target on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Finally, Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. One 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 stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $194.76.

C.H. Robinson Worldwide Trading Up 1.0%

Shares of C.H. Robinson Worldwide stock traded up $1.35 on Friday, hitting $142.69. 695,703 shares of the company traded hands, compared to its average volume of 1,973,080. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market cap of $16.67 billion, a PE ratio of 27.25, a PEG ratio of 1.13 and a beta of 0.94. The stock’s 50 day moving average price is $148.33 and its 200-day moving average price is $168.98. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The company 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 firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.21 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. Stockholders of record on Friday, September 4th were issued 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 dividend yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is 48.09%.

C.H. Robinson Worldwide Company 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.