4,464 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by Peoples Financial Services CORP.

Peoples Financial Services CORP. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,464 shares of the transportation company’s stock, valued at approximately $660,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. WCM Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $579,922,000. Dimensional Fund Advisors LP raised its holdings 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 last quarter. Bank of America Corp DE raised its holdings in 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 worth $175,304,000 after purchasing an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp bought a new position in C.H. Robinson Worldwide during the 2nd quarter worth approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $123,176,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.3%

Shares of C.H. Robinson Worldwide stock traded up $1.85 on Tuesday, reaching $140.70. 516,006 shares of the company’s stock were exchanged, compared to its average volume of 1,970,845. The company has a market capitalization of $16.44 billion, a P/E ratio of 26.85, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm’s 50-day moving average is $147.01 and its two-hundred day moving average is $167.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. 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 is currently 48.09%.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Stephens decreased their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Robert W. Baird lowered their price objective on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide 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.