C.H. Robinson Worldwide, Inc. $CHRW Stake Increased by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 878.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,871 shares of the transportation company’s stock after purchasing an additional 39,388 shares during the quarter. Quadrant Capital Group LLC’s holdings in C.H. Robinson Worldwide were worth $6,491,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $579,922,000. Bank of New York Mellon Corp purchased a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $172,626,000. Hamlin Capital Management LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $123,176,000. Vontobel Holding Ltd. grew its stake in C.H. Robinson Worldwide by 47,894.2% during the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock worth $122,993,000 after buying an additional 829,527 shares during the period. Finally, Sei Investments Co. increased its position in shares of C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after acquiring an additional 555,631 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.2%

Shares of NASDAQ:CHRW opened at $140.57 on Wednesday. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. The company has a 50 day moving average of $146.92 and a two-hundred day moving average of $167.50. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is 48.09%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CHRW. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Robert W. Baird decreased 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 research report on Tuesday, July 28th. Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Finally, Raymond James Financial reissued an “outperform” rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average target price of $190.00.

Read Our Latest Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Profile

(Free Report)

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

See Also

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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