5,439 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Castleview Partners LLC

Castleview Partners LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,439 shares of the transportation company’s stock, valued at approximately $805,000.

Several other large investors have also recently modified their holdings of the company. WCM Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth $579,922,000. Dimensional Fund Advisors LP raised its position in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after buying an additional 25,674 shares during the last quarter. 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 purchasing an additional 127,103 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter worth about $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $123,176,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHRW. Susquehanna upped their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Jefferies Financial Group restated a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday. Finally, Stephens decreased their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.76.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $142.31 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33. The stock has a market cap of $16.63 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $148.22 and a 200-day simple moving average of $168.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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 business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date 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 payout ratio is currently 48.09%.

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 service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.