WealthPLAN Partners LLC Purchases 7,487 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

WealthPLAN Partners LLC lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 95,903 shares of the transportation company’s stock after buying an additional 7,487 shares during the period. WealthPLAN Partners LLC’s holdings in C.H. Robinson Worldwide were worth $8,373,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CHRW. Sprucegrove Investment Management Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 89.9% during the 4th quarter. Sprucegrove Investment Management Ltd. now owns 998,500 shares of the transportation company’s stock worth $93,729,000 after acquiring an additional 472,600 shares during the period. First Trust Advisors LP lifted its stake in C.H. Robinson Worldwide by 63.6% in the 3rd quarter. First Trust Advisors LP now owns 1,122,241 shares of the transportation company’s stock valued at $114,682,000 after purchasing an additional 436,158 shares during the last quarter. Natixis lifted its stake in C.H. Robinson Worldwide by 61.2% in the 3rd quarter. Natixis now owns 739,769 shares of the transportation company’s stock valued at $75,597,000 after purchasing an additional 280,774 shares during the last quarter. Berger Financial Group Inc bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $24,046,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in C.H. Robinson Worldwide by 246.5% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 287,691 shares of the transportation company’s stock valued at $29,399,000 after purchasing an additional 204,673 shares during the last quarter. 92.95% of the stock is owned by institutional investors.

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of C.H. Robinson Worldwide from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, November 30th. Morgan Stanley increased their price objective on shares of C.H. Robinson Worldwide from $54.00 to $55.00 and gave the company an “underweight” rating in a research note on Monday, February 1st. Cowen increased their price objective on shares of C.H. Robinson Worldwide from $102.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, January 28th. Oppenheimer reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Sunday, January 31st. Finally, BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $85.00 to $87.00 and gave the company a “market perform” rating in a research note on Monday, November 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus price target of $91.78.

Shares of CHRW traded down $0.27 during trading hours on Tuesday, reaching $89.55. 13,678 shares of the stock traded hands, compared to its average volume of 1,240,897. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $92.74 and a 200 day simple moving average of $95.60. C.H. Robinson Worldwide, Inc. has a 52 week low of $56.94 and a 52 week high of $106.75. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.52 and a beta of 0.64.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Monday, January 25th. The transportation company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.11. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.18 billion. C.H. Robinson Worldwide had a net margin of 2.96% and a return on equity of 26.78%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 3.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 1st. Shareholders of record on Friday, March 5th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, March 4th. C.H. Robinson Worldwide’s dividend payout ratio is 48.69%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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