Elmwood Wealth Management Inc. Acquires New Position in C.H. Robinson Worldwide, Inc. $CHRW

Elmwood Wealth Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,763 shares of the transportation company’s stock, valued at approximately $557,000.

Several other large investors have also made changes to their positions in the business. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at $579,922,000. Dimensional Fund Advisors LP grew its position in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after purchasing an additional 25,674 shares during the period. Bank of America Corp DE raised its stake in shares of C.H. Robinson Worldwide by 13.7% during 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 buying an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $172,626,000. Finally, Hamlin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $123,176,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded up $1.48 on Wednesday, reaching $139.45. The company’s stock had a trading volume of 1,918,687 shares, compared to its average volume of 1,975,656. The company has a market capitalization of $16.29 billion, a P/E ratio of 26.61, a PEG ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The stock has a 50-day moving average price of $147.74 and a 200-day moving average price of $168.37. 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 (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating 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 net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. Analysts expect that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

Wall Street Analyst Weigh In

CHRW has been the topic of several analyst reports. Bank of America reaffirmed a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. BMO Capital Markets boosted 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. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective on the stock. in a research report on Monday. Finally, Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.08.

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.