Howland Capital Management LLC Purchases 3,529 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Howland Capital Management LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,529 shares of the transportation company’s stock, valued at approximately $522,000.

Several other hedge funds have also recently bought and sold shares of the business. Brookstone Capital Management acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $20,076,000. Five Oceans Advisors purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $303,000. SeaCrest Wealth Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $1,986,000. Legacy Financial Group Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $436,000. Finally, Isthmus Partners LLC lifted its position in shares of C.H. Robinson Worldwide by 1.1% in the third quarter. Isthmus Partners LLC now owns 76,334 shares of the transportation company’s stock worth $11,294,000 after purchasing an additional 865 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 1.0%

CHRW opened at $142.31 on Friday. The business has a 50 day moving average price of $146.66 and a 200 day moving average price of $167.13. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. 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 firm has a market cap of $16.63 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid 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 was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Bank of America reaffirmed a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.