Parthenon LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Parthenon LLC acquired a new stake in 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 firm acquired 29,470 shares of the transportation company’s stock, valued at approximately $4,360,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth $579,922,000. Dimensional Fund Advisors LP raised its position in C.H. Robinson Worldwide by 2.4% in 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 purchasing an additional 25,674 shares in the last quarter. Bank of America Corp DE raised its position in C.H. Robinson Worldwide by 13.7% in 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 purchasing an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $172,626,000. Finally, Hamlin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $123,176,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 0.8%

Shares of CHRW traded down $1.14 during mid-day trading on Friday, reaching $141.17. The company’s stock had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.41 and a 12-month high of $210.33. The stock has a market cap of $16.50 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company’s 50 day moving average is $146.52 and its 200 day moving average is $166.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 earnings per share. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Analyst Ratings Changes

A number of research firms recently weighed in on CHRW. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Bank of America reiterated a “buy” rating and issued a $203.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Finally, BMO Capital Markets reduced their price objective on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a report on Friday, October 16th. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Company 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.