15,464 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Mechanics Bank Trust Department

Mechanics Bank Trust Department acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,464 shares of the transportation company’s stock, valued at approximately $2,288,000.

A number of other hedge funds have also made changes to their positions in CHRW. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at about $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 worth $24,293,000 after purchasing an additional 1,501,744 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $172,626,000. Hamlin Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $123,176,000. Finally, Sei Investments Co. lifted its holdings in C.H. Robinson Worldwide by 532.7% during the 1st 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. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 1.3%

C.H. Robinson Worldwide stock traded down $1.78 during trading on Tuesday, reaching $137.97. The company had a trading volume of 1,959,232 shares, compared to its average volume of 1,975,947. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.18 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock’s 50 day moving average price is $148.07 and its two-hundred day moving average price is $168.60. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data 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 during 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%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 earnings per share. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.25 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid 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 currently 48.09%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHRW. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stephens dropped their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.08.

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.