Los Angeles Capital Management LLC Purchases New Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Los Angeles Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 104,853 shares of the transportation company’s stock, valued at approximately $11,573,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Swedbank AB acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $1,051,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in C.H. Robinson Worldwide by 13.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock worth $16,301,000 after buying an additional 26,156 shares during the period. abrdn plc boosted its position in C.H. Robinson Worldwide by 2.6% during the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after buying an additional 12,992 shares during the period. Cetera Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $6,665,000. Finally, Forsta AP Fonden boosted its position in C.H. Robinson Worldwide by 113.2% during the 3rd quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock worth $9,106,000 after buying an additional 43,800 shares during the period. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CHRW shares. Robert W. Baird lifted their target price on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Evercore ISI boosted their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Benchmark boosted their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $106.25.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $109.03 on Tuesday. The company has a fifty day moving average of $106.11 and a 200-day moving average of $95.01. The firm has a market capitalization of $12.89 billion, a P/E ratio of 37.73, a P/E/G ratio of 1.25 and a beta of 0.84. The company has a quick ratio of 1.42, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.27%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.