C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is Speece Thorson Capital Group Inc.’s 10th Largest Position

Speece Thorson Capital Group Inc. trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,432 shares of the transportation company’s stock after selling 475 shares during the period. C.H. Robinson Worldwide makes up approximately 3.2% of Speece Thorson Capital Group Inc.’s holdings, making the stock its 10th biggest holding. Speece Thorson Capital Group Inc. owned 0.13% of C.H. Robinson Worldwide worth $17,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. Swedbank AB purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $1,051,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of C.H. Robinson Worldwide by 13.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after purchasing an additional 26,156 shares during the last quarter. abrdn plc raised its position in shares of C.H. Robinson Worldwide by 2.6% in the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock valued at $55,818,000 after purchasing an additional 12,992 shares during the last quarter. Cetera Advisors LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth approximately $6,665,000. Finally, Forsta AP Fonden raised 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 last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Finally, Barclays raised their price objective on shares of C.H. Robinson Worldwide from $75.00 to $85.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $107.00.

C.H. Robinson Worldwide Price Performance

CHRW traded up $0.71 on Wednesday, hitting $109.80. 136,835 shares of the company’s stock were exchanged, compared to its average volume of 1,528,267. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $106.22 and a 200-day moving average price of $95.29. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 37.75, a P/E/G ratio of 1.25 and a beta of 0.84.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.26%. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

C.H. Robinson Worldwide Profile

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.