C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,000 shares of the transportation company’s stock, valued at approximately $3,995,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Dimensional Fund Advisors LP lifted its stake in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after acquiring an additional 25,674 shares during the period. Bank of America Corp DE lifted its stake in C.H. Robinson Worldwide by 13.7% during the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after acquiring an additional 127,103 shares during the period. Bank of New York Mellon Corp bought a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $172,626,000. Finally, Hamlin Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $123,176,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $198.00 to $174.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. UBS Group lowered their price objective on shares of C.H. Robinson Worldwide from $230.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a report on Monday, October 12th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $180.52.

C.H. Robinson Worldwide Trading Up 3.7%

Shares of NASDAQ:CHRW opened at $133.51 on Wednesday. The stock has a 50 day moving average of $144.83 and a 200 day moving average of $169.15. The company has a market cap of $15.48 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The company has a current ratio of 1.34, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. C.H. Robinson Worldwide, Inc. has a 12-month low of $122.21 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.05. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter last year, the business earned $1.40 EPS. The firm’s revenue was up 29.5% compared to the same quarter last year. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.36 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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 $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 45.24%.

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.