Patton Fund Management Inc. Purchases 24,110 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Patton Fund Management Inc. lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,716.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,515 shares of the transportation company’s stock after buying an additional 24,110 shares during the quarter. C.H. Robinson Worldwide comprises about 0.7% of Patton Fund Management Inc.’s holdings, making the stock its 25th largest position. Patton Fund Management Inc.’s holdings in C.H. Robinson Worldwide were worth $4,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CHRW. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth about $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $27,000. DV Equities LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $30,000. Finally, Clearstead Advisors LLC grew its stake in C.H. Robinson Worldwide by 110.3% during the third 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 and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CHRW shares. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Stifel Nicolaus raised their price target on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Stock Up 0.0%

Shares of NASDAQ:CHRW opened at $179.38 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 52-week low of $93.47 and a 52-week high of $203.34. The business’s 50 day simple moving average is $179.63 and its two-hundred day simple moving average is $176.05. The firm has a market cap of $21.14 billion, a P/E ratio of 36.31, a PEG ratio of 1.55 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal 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 paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.

C.H. Robinson Worldwide 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.