Plato Investment Management Ltd Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Plato Investment Management acquired 11,814 shares of C.H. Robinson Worldwide in the second quarter, worth approximately $2.2 million. Institutional investors collectively own 93.15% of the company’s outstanding stock.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates of $1.53, while revenue reached $4.93 billion and rose 19.3% year over year.
• The company declared a quarterly dividend of $0.63 per share, equivalent to a $2.52 annualized payout and a 1.7% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $197.

Plato Investment Management Ltd purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,814 shares of the transportation company's stock, valued at approximately $2,212,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $25,000. Millstone Evans Group LLC increased its stake in shares of 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 acquiring an additional 71 shares during the period. DV Equities LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $27,000. Cornerstone Planning Group LLC raised its holdings in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after purchasing an additional 67 shares in the last quarter. Finally, Bayban purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth about $32,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 2.6%

Shares of C.H. Robinson Worldwide stock opened at $144.78 on Tuesday. C.H. Robinson Worldwide, Inc. has a 12-month low of $120.65 and a 12-month high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $16.92 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94. The company has a 50-day moving average of $179.36 and a two-hundred day moving average of $178.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results 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 company's quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.29 EPS. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.7%. C.H. Robinson Worldwide's payout ratio is currently 48.09%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CHRW shares. Robert W. Baird dropped their target price on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. Jefferies Financial Group raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and raised their price target for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Finally, Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. One equities research 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.00.

About C.H. Robinson Worldwide

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.

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