C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,494 shares of the transportation company’s stock, valued at approximately $3,180,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $579,922,000. Bank of New York Mellon Corp bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. Hamlin Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $123,176,000. Vontobel Holding Ltd. raised its position in shares of C.H. Robinson Worldwide by 47,894.2% in the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock valued at $122,993,000 after purchasing an additional 829,527 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after buying an additional 555,631 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $141.17 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $16.50 billion, a PE ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.41 and a twelve month high of $210.33. The stock has a 50-day simple moving average of $146.52 and a two-hundred day simple moving average of $166.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given 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 dividend payout ratio (DPR) is 48.09%.

Analyst Upgrades and Downgrades

CHRW has been the subject of several analyst reports. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Robert W. Baird reduced their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a report on Monday, October 12th. Finally, BMO Capital Markets dropped their target price 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, October 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.00.

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 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.