Lmcg Investments LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,164 shares of the transportation company’s stock, valued at approximately $1,208,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vann Equity Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $641,000. CWS Financial Advisors LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $1,352,000. Argent Capital Management LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth $5,017,000. Cravens & Co Advisors LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $809,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.
C.H. Robinson Worldwide Trading Up 1.0%
NASDAQ:CHRW opened at $142.31 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The firm has a fifty day simple moving average of $146.66 and a 200-day simple moving average of $167.13. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $16.63 billion, a P/E ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating 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 firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the company earned $1.29 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.
C.H. Robinson Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Susquehanna increased their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a report on Thursday, July 30th. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.00.
View Our Latest Report on CHRW
C.H. Robinson Worldwide Company 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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