GAMMA Investing LLC Acquires 1,828 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

GAMMA Investing LLC increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 96.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,722 shares of the transportation company’s stock after purchasing an additional 1,828 shares during the quarter. GAMMA Investing LLC’s holdings in C.H. Robinson Worldwide were worth $328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Montag A & Associates Inc. acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $30,000. UMB Bank n.a. raised its holdings in shares of C.H. Robinson Worldwide by 147.0% during the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 294 shares during the period. Evermay Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 336.0% during the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 420 shares during the period. Sentry Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $49,000. Finally, Larson Financial Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 139.0% during the fourth quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock valued at $74,000 after purchasing an additional 495 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the topic of several research reports. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Raymond James started coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, May 15th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $94.06.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.10 during mid-day trading on Monday, reaching $98.73. The company’s stock had a trading volume of 1,301,927 shares, compared to its average volume of 1,668,998. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $105.41. The company has a market capitalization of $11.56 billion, a P/E ratio of 38.98, a PEG ratio of 2.63 and a beta of 0.80. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.37 and a current ratio of 1.42. The firm’s fifty day moving average price is $87.71 and its two-hundred day moving average price is $80.19.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business earned $0.90 EPS. C.H. Robinson Worldwide’s revenue was up 1.4% compared to the same quarter last year. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 3.73 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were paid a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.47%. C.H. Robinson Worldwide’s dividend payout ratio is 96.44%.

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.