261,500 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 261,500 shares of the transportation company's stock, valued at approximately $38,692,000. Annex Advisory Services LLC owned about 0.22% of C.H. Robinson Worldwide as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the first quarter worth $579,922,000. Auto Owners Insurance Co lifted its holdings in shares of C.H. Robinson Worldwide by 15,976.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock valued at $24,293,000 after purchasing an additional 1,501,744 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth $172,626,000. Hamlin Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $123,176,000. Finally, Sei Investments Co. grew its stake in C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock worth $109,594,000 after buying an additional 555,631 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHRW has been the topic of several recent analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Robert W. Baird cut their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. TD Cowen reaffirmed a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Citigroup reiterated a "market outperform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Stock Down 3.0%

Shares of CHRW stock opened at $139.49 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The stock has a market cap of $16.30 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.19 and a beta of 0.94. The stock has a 50 day moving average of $147.20 and a 200 day moving average of $167.85. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's payout ratio is currently 48.09%.

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 service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.

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