Herold Advisors Inc. Buys 5,432 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Herold Advisors Inc. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,432 shares of the transportation company’s stock, valued at approximately $804,000.

Other large investors also recently made changes to their positions in the company. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter worth about $579,922,000. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $172,626,000. Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $123,176,000. Vontobel Holding Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 47,894.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock worth $122,993,000 after buying an additional 829,527 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of C.H. Robinson Worldwide by 532.7% in the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after buying an additional 555,631 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CHRW. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. BMO Capital Markets cut their price objective on C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective for the company. Finally, Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $0.64 during midday trading on Monday, reaching $138.85. The company had a trading volume of 386,300 shares, compared to its average volume of 1,973,877. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market cap of $16.22 billion, a PE ratio of 26.49, a P/E/G ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.35 and a 12-month high of $210.33. The business has a 50-day moving average price of $147.20 and a two-hundred day moving average price of $167.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the firm earned $1.29 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 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.