Lee Financial Co Purchases 14,777 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Lee Financial Co acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent filing with the SEC. The firm acquired 14,777 shares of the transportation company’s stock, valued at approximately $2,186,000.

Several other institutional investors also recently bought and sold shares of CHRW. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth $579,922,000. Dimensional Fund Advisors LP lifted its stake in shares of C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after acquiring an additional 25,674 shares during the period. Bank of America Corp DE lifted its stake in shares of C.H. Robinson Worldwide by 13.7% in 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 acquiring 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 valued at about $172,626,000. Finally, Hamlin Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $123,176,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Down 3.0%

NASDAQ:CHRW opened at $139.49 on Friday. The stock has a fifty day moving average price of $147.20 and a two-hundred day moving average price of $167.85. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.16 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 earnings per share. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued 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 currently 48.09%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of 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. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.00.

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 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.