C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Harrell Investment Partners LLC

Harrell Investment Partners LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, Holdings Channel reports. The firm bought 5,518 shares of the transportation company’s stock, valued at approximately $816,000.

Other institutional investors have also added to or reduced their stakes in the company. Vann Equity Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $641,000. Argent Capital Management LLC purchased a new position in C.H. Robinson Worldwide during the first quarter worth approximately $5,017,000. Amundi grew its stake in C.H. Robinson Worldwide by 24.7% in the 1st quarter. Amundi now owns 338,574 shares of the transportation company’s stock valued at $56,227,000 after acquiring an additional 67,108 shares during the period. Empowered Funds LLC lifted its holdings in C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after purchasing an additional 55,005 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $10,997,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $143.82 on Friday. The stock has a market cap of $16.81 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The company’s fifty day moving average is $147.40 and its 200 day moving average 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 (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm 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 business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 earnings per share. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

Analyst Ratings Changes

CHRW has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a research report on Monday. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research note on Thursday, October 8th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Robert W. Baird reduced their price objective on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. One research 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.20.

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.