Pacer Advisors Inc. Has $1.28 Million Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Pacer Advisors Inc. lowered its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,732 shares of the transportation company’s stock after selling 3,615 shares during the period. Pacer Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHRW. Vestcor Inc raised its position in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock worth $1,029,000 after purchasing an additional 51 shares during the last quarter. Horizon Investments LLC increased its stake in shares of C.H. Robinson Worldwide by 3.1% in the fourth quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock valued at $313,000 after buying an additional 58 shares during the period. Brendel Financial Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 2.2% during the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after acquiring an additional 61 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares during the period. Finally, Elevation Point Wealth Partners LLC boosted its holdings in C.H. Robinson Worldwide by 1.7% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 4,108 shares of the transportation company’s stock valued at $663,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $149.35 on Monday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $115.71 and a fifty-two week high of $210.33. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.26 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 firm’s 50-day simple moving average is $183.63 and its 200 day simple moving average is $179.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 EPS. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Analyst Ratings Changes

CHRW has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $200.00 in a research note on Wednesday, May 20th. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Raymond James Financial set a $192.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. TD Cowen cut their target price on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating on the stock in a research note on Tuesday, July 28th. Finally, Barclays upped their price objective on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.08.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.