C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Abel Hall LLC

Abel Hall LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,086 shares of the transportation company’s stock, valued at approximately $605,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Dimensional Fund Advisors LP raised its holdings in C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after buying an additional 25,674 shares during the period. Bank of America Corp DE lifted its position in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after buying an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $123,176,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CHRW. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Raymond James Financial restated an “outperform” rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. Finally, Bank of America reaffirmed a “buy” rating and set a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Stock Down 0.5%

C.H. Robinson Worldwide stock traded down $0.64 during midday trading on Monday, hitting $138.85. 1,228,658 shares of the company were exchanged, compared to its average volume of 1,978,217. The company’s fifty day moving average price is $147.20 and its 200-day moving average price is $167.89. The company has a market cap of $16.22 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.16 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. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the company earned $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, research analysts predict 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 announced 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 of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

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 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.