C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 878.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,871 shares of the transportation company’s stock after acquiring an additional 39,388 shares during the quarter. Quadrant Capital Group LLC’s holdings in C.H. Robinson Worldwide were worth $6,491,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter valued at approximately $579,922,000. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 25,674 shares during the last quarter. Bank of America Corp DE increased its holdings in C.H. Robinson Worldwide by 13.7% during the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after purchasing an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $123,176,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.2%

Shares of NASDAQ:CHRW opened at $140.57 on Wednesday. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.15 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year 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 company has a 50 day moving average price of $146.92 and a 200 day moving average price of $167.50.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Analysts Set New Price Targets

CHRW has been the topic of a number of research reports. BMO Capital Markets dropped 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 note on Friday. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Stephens decreased their target price on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Raymond James Financial reaffirmed an “outperform” rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. Finally, Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. One investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.