Pacer Advisors Inc. Has $1.28 Million Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Pacer Advisors Inc. decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,732 shares of the transportation company’s stock after selling 3,615 shares during the quarter. Pacer Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $25,000. Millstone Evans Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares in the last quarter. DV Equities LLC bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $27,000. Cornerstone Planning Group LLC grew its stake in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 67 shares in the last quarter. Finally, Bayban bought a new position in C.H. Robinson Worldwide during the fourth quarter worth about $32,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $149.35 on Monday. The business has a fifty day moving average price of $183.63 and a two-hundred day moving average price of $179.79. The stock has a market capitalization of $17.45 billion, a PE ratio of 28.50, a PEG ratio of 1.26 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $115.71 and a fifty-two week high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CHRW shares. Raymond James Financial set a $192.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Stephens reduced their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Finally, Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $197.08.

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.