Commonwealth Financial Services LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,613 shares of the transportation company’s stock, valued at approximately $535,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CHRW. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Dimensional Fund Advisors LP raised its holdings in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after purchasing an additional 25,674 shares during the last quarter. Bank of America Corp DE grew its holdings in C.H. Robinson Worldwide by 13.7% during 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 acquiring an additional 127,103 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $123,176,000. 93.15% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on CHRW shares. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. UBS Group reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. JPMorgan Chase & Co. dropped their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Finally, Evercore set a $217.00 target price on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.00.
Check Out Our Latest Report on CHRW
C.H. Robinson Worldwide Price Performance
Shares of NASDAQ:CHRW traded up $1.58 on Tuesday, reaching $140.43. 470,226 shares of the company were exchanged, compared to its average volume of 1,970,609. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33. 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 firm has a market cap of $16.41 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The company has a 50-day moving average of $147.01 and a 200-day moving average of $167.70.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.
C.H. Robinson Worldwide Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.
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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