OLD Second National Bank of Aurora Acquires New Shares in C.H. Robinson Worldwide, Inc. $CHRW

OLD Second National Bank of Aurora acquired 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 acquired 4,059 shares of the transportation company’s stock, valued at approximately $601,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dogwood Wealth Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the period. Millstone Evans Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares during the period. Root Financial Partners LLC boosted its holdings in C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after buying an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.0%

Shares of CHRW opened at $142.31 on Friday. The firm has a market cap of $16.63 billion, a P/E ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The stock’s 50 day moving average is $146.66 and its two-hundred day moving average is $167.13. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results 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. 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 during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the company posted $1.29 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Analysts predict 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 business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $0.63 dividend. 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 currently 48.09%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. Bank of America restated a “buy” rating and set a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

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 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.