Sapient Capital LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Sapient Capital LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 166,865 shares of the transportation company’s stock, valued at approximately $24,689,000. Sapient Capital LLC owned about 0.14% of C.H. Robinson Worldwide at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRW. Vann Equity Management LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $641,000. Argent Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $5,017,000. Amundi grew its holdings in shares of C.H. Robinson Worldwide by 24.7% during the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock valued at $56,227,000 after buying an additional 67,108 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after buying an additional 55,005 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $10,997,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock traded up $6.16 during trading on Thursday, reaching $141.34. The company’s stock had a trading volume of 2,455,506 shares, compared to its average volume of 1,980,095. 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 company’s fifty day moving average is $148.44 and its 200-day moving average is $169.17. The company has a market capitalization of $16.52 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $123.64 and a 1 year high of $210.33.

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 analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analyst Weigh In

CHRW has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday. Bank of America reiterated a “buy” rating and issued a $203.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $194.76.

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.