HBW Advisory Services LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the third quarter, Holdings Channel reports. The firm bought 7,281 shares of the transportation company’s stock, valued at approximately $1,077,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in 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. Auto Owners Insurance Co lifted its stake in shares of C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after buying an additional 1,501,744 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after buying an additional 25,674 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after buying an additional 127,103 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth $172,626,000. Institutional investors and hedge funds own 93.15% of the company’s stock.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Stephens decreased their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $191.20.
Read Our Latest Research Report on C.H. Robinson Worldwide
C.H. Robinson Worldwide Stock Performance
CHRW opened at $143.82 on Friday. The firm has a market capitalization of $16.81 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The stock’s 50 day moving average price is $147.40 and its two-hundred day moving average price is $168.05. 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, Inc. has a 12-month low of $125.35 and a 12-month high of $210.33.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the business posted $1.29 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.
C.H. Robinson Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.
Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.
Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.
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