Freedom Day Solutions LLC Buys 3,939 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Freedom Day Solutions LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,939 shares of the transportation company’s stock, valued at approximately $583,000.

A number of other hedge funds have also recently added to or reduced their stakes in CHRW. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth about $579,922,000. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $172,626,000. Hamlin Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $123,176,000. Vontobel Holding Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 47,894.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock worth $122,993,000 after purchasing an additional 829,527 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after purchasing an additional 555,631 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $138.85 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. 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 market capitalization of $16.22 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.16 and a beta of 0.94. The business has a 50-day moving average of $147.01 and a 200-day moving average of $167.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analysts Set New Price Targets

CHRW has been the topic of several research reports. Robert W. Baird cut their price target on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Bank of America reiterated a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

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.