Tilia Fiduciary Partners Inc. Acquires 15,067 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Tilia Fiduciary Partners Inc. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,067 shares of the transportation company’s stock, valued at approximately $2,229,000.

Several other institutional investors also recently bought and sold shares of the company. Vann Equity Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $641,000. Argent Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $5,017,000. Amundi raised its holdings in C.H. Robinson Worldwide by 24.7% during the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock valued at $56,227,000 after acquiring an additional 67,108 shares during the period. Empowered Funds LLC raised its stake in C.H. Robinson Worldwide by 469.4% during the 1st quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after purchasing an additional 55,005 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth $10,997,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $142.31 on Friday. The stock’s fifty day moving average is $148.22 and its two-hundred day moving average is $168.79. The company has a market capitalization of $16.63 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 48.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BMO Capital Markets raised their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 target price on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Finally, Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $194.76.

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.