Piedmont Capital Management LLC NC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the third quarter, Holdings Channel.com reports. The firm acquired 4,722 shares of the transportation company’s stock, valued at approximately $699,000.
A number of other large investors also recently modified their holdings of the company. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Bank of New York Mellon Corp purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $172,626,000. Hamlin Capital Management LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $123,176,000. Vontobel Holding Ltd. lifted its stake in C.H. Robinson Worldwide by 47,894.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock worth $122,993,000 after purchasing an additional 829,527 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in C.H. Robinson Worldwide by 532.7% in the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after purchasing an additional 555,631 shares during the period. 93.15% of the stock is currently owned by institutional investors.
C.H. Robinson Worldwide Stock Up 0.3%
CHRW stock opened at $140.95 on Thursday. The company’s 50 day moving average is $146.81 and its 200 day moving average is $167.31. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the business posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.
C.H. Robinson Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on CHRW. Stifel Nicolaus set a $209.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.00.
Get Our Latest Stock Report on CHRW
C.H. Robinson Worldwide Profile
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.
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