Mather Group LLC. Buys 25,158 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Mather Group LLC. raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,293.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,103 shares of the transportation company’s stock after acquiring an additional 25,158 shares during the quarter. Mather Group LLC.’s holdings in C.H. Robinson Worldwide were worth $4,010,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CHRW. Hudock Inc. purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $419,000. First Pacific Financial bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $134,000. MPS Loria Financial Planners LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth $308,000. Granite FO LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth $252,000. Finally, Fortitude Family Office LLC grew its stake in C.H. Robinson Worldwide by 1,125.3% in the third quarter. Fortitude Family Office LLC now owns 1,017 shares of the transportation company’s stock worth $150,000 after purchasing an additional 934 shares during the period. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $143.82 on Friday. The firm has a 50 day moving average price of $147.40 and a 200-day moving average price of $168.05. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The firm has a market capitalization of $16.81 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.16 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 38.36% and a net margin of 3.73%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 EPS. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS 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. Shareholders 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 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CHRW shares. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Robert W. Baird reduced their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. One research 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.20.

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.