West Branch Capital LLC Purchases New Stake in C.H. Robinson Worldwide, Inc. $CHRW

West Branch Capital LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, Holdings Channel.com reports. The fund acquired 8,777 shares of the transportation company’s stock, valued at approximately $1,299,000.

Several other institutional investors have also added to or reduced their stakes in CHRW. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide during the first quarter worth $579,922,000. Dimensional Fund Advisors LP boosted its holdings in shares of C.H. Robinson Worldwide by 2.4% in 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 purchasing an additional 25,674 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of 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 valued at $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $123,176,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $140.57 on Wednesday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $16.43 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.15 and a beta of 0.94. The company’s 50 day moving average price is $146.92 and its two-hundred day moving average price is $167.50.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the business earned $1.29 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of research analyst reports. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a report on Thursday, October 8th. Truist Financial reduced their price objective on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Raymond James Financial reiterated an “outperform” rating and issued a $170.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 15th. Bank of America reiterated a “buy” rating and issued a $203.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Citigroup reissued a “market outperform” rating 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 issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $190.00.

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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.