Auto Owners Insurance Co Boosts Stake in C.H. Robinson Worldwide, Inc. $CHRW

Auto Owners Insurance Co boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15,976.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,511,144 shares of the transportation company’s stock after acquiring an additional 1,501,744 shares during the quarter. Auto Owners Insurance Co’s holdings in C.H. Robinson Worldwide were worth $24,293,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Bank of Jackson Hole Trust bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $27,000. DV Equities LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new position in C.H. Robinson Worldwide in the second quarter worth approximately $30,000. Finally, Clearstead Advisors LLC increased its holdings in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CHRW. Barclays increased their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st. UBS Group increased their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 target price on the stock. in a research report on Monday. Finally, Wells Fargo & Company boosted their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $185.04 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34. The stock has a market cap of $21.81 billion, a P/E ratio of 37.46, a P/E/G ratio of 1.60 and a beta of 0.91. The stock has a 50 day moving average of $178.28 and a 200 day moving average of $175.14. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company earned $1.17 EPS. The business’s revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

C.H. Robinson Worldwide Company 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.