4,059 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,059 shares of the transportation company’s stock, valued at approximately $601,000.

Other hedge funds have also bought and sold shares of the company. Vann Equity Management LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $641,000. CWS Financial Advisors LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $1,352,000. Argent Capital Management LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at about $5,017,000. Cravens & Co Advisors LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $809,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

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 posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion for 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%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 earnings per share. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current 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 $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 48.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CHRW shares. Citizens Jmp started coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective for the company. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a research report on Monday, October 12th. UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.00.

About C.H. Robinson Worldwide

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.