88,270 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Violich Capital Management Inc.

Key Points

• Violich Capital Management bought 88,270 shares of C.H. Robinson Worldwide valued at approximately $13.1 million, giving the stock a 1.4% weighting in its portfolio. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $196.56 versus the reported share price of $157.72.
• C.H. Robinson exceeded quarterly expectations with $1.61 in earnings per share and $4.93 billion in revenue, while its quarterly dividend stands at $0.63 per share, representing a 1.6% yield.

Violich Capital Management Inc. purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,270 shares of the transportation company's stock, valued at approximately $13,060,000. C.H. Robinson Worldwide makes up 1.4% of Violich Capital Management Inc.'s holdings, making the stock its 18th largest holding. Violich Capital Management Inc. owned about 0.08% of C.H. Robinson Worldwide as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Argent Capital Management LLC bought a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $5,017,000. Amundi grew its stake in shares of C.H. Robinson Worldwide by 24.7% in the first quarter. Amundi now owns 338,574 shares of the transportation company's stock worth $56,227,000 after purchasing an additional 67,108 shares during the last quarter. Empowered Funds LLC increased its holdings in C.H. Robinson Worldwide by 469.4% in the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company's stock valued at $11,081,000 after purchasing an additional 55,005 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in C.H. Robinson Worldwide during the 1st quarter worth $10,997,000. Finally, Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 25,674 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Robert W. Baird lowered their price target on shares of 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. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. TD Cowen lowered their target price on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a "hold" rating for the company in a research note on Tuesday, July 28th. Finally, Truist Financial upped their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.56.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $157.72 on Monday. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 1.32 and a beta of 0.94. 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, Inc. has a one year low of $123.64 and a one year high of $210.33. The company's fifty day moving average price is $150.57 and its 200-day moving average price is $169.92.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during 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 business's quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is presently 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.

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.