36,417 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio bought 36,417 shares of C.H. Robinson Worldwide in the second quarter, valued at approximately $6.86 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share and revenue of $4.93 billion, beating analyst expectations; revenue increased 19.3% year over year.
• The company declared a quarterly dividend of $0.63 per share, equivalent to $2.52 annually and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $197.

Public Employees Retirement System of Ohio purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,417 shares of the transportation company's stock, valued at approximately $6,859,000.

Several other large investors also recently made changes to their positions in CHRW. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC boosted its holdings in 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 C.H. Robinson Worldwide during the fourth quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in C.H. Robinson Worldwide in the second quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC increased its holdings 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 buying an additional 67 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW opened at $147.88 on Wednesday. The firm has a market capitalization of $17.28 billion, a P/E ratio of 28.22, a PEG ratio of 1.27 and a beta of 0.94. The stock has a fifty day moving average of $170.36 and a 200-day moving average of $174.62. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The business 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%.C.H. Robinson Worldwide's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 earnings per share. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm 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 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide's payout ratio is 48.09%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Robert W. Baird reduced their target price on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. TD Cowen decreased their price target on C.H. Robinson Worldwide from $155.00 to $152.00 and set a "hold" rating for the company in a research report on Tuesday, July 28th. Citizens Jmp initiated 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 target on the stock. Finally, Truist Financial upped their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $197.00.

C.H. Robinson Worldwide Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source