3,535 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Patriot Investment Management Group Inc.

Patriot Investment Management Group Inc. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,535 shares of the transportation company’s stock, valued at approximately $523,000.

Several other large investors also recently made changes to their positions in the company. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $579,922,000. Auto Owners Insurance Co raised its holdings in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after buying an additional 1,501,744 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 worth $181,810,000 after buying an additional 25,674 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after buying an additional 127,103 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $172,626,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $143.82 on Friday. 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 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 stock has a 50 day moving average of $147.40 and a 200 day moving average of $168.05. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The business 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 was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared 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 was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CHRW shares. Robert W. Baird decreased their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Jefferies Financial Group reiterated 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. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. One equities 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.20.

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.