Titan Investment Management LLC Acquires 9,387 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Titan Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,387 shares of the transportation company’s stock, valued at approximately $1,389,000.

A number of other large investors have also recently made changes to their positions in CHRW. WCM Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $579,922,000. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 25,674 shares during the period. Bank of America Corp DE lifted its position 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 acquiring an additional 127,103 shares during the period. Bank of New York Mellon Corp purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at about $172,626,000. Finally, Hamlin Capital Management LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $123,176,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 1.0%

NASDAQ CHRW opened at $142.31 on Friday. The company has a market capitalization of $16.63 billion, a PE ratio of 27.16, a P/E/G ratio of 1.17 and a beta of 0.94. The company has a fifty day moving average of $146.66 and a 200 day moving average of $167.13. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year 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 announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Stephens reduced their price objective on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Susquehanna upped their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average 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.