Uncommon Cents Investing Inc Acquires New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Uncommon Cents Investing Inc acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,916 shares of the transportation company’s stock, valued at approximately $875,000.

A number of other hedge funds have also recently made changes to their positions in CHRW. Nisa Investment Advisors LLC lifted its stake in C.H. Robinson Worldwide by 2,265.8% during the third quarter. Nisa Investment Advisors LLC now owns 402,107 shares of the transportation company’s stock worth $59,496,000 after purchasing an additional 385,110 shares in the last quarter. Integrated Advisors Network LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $1,607,000. Harfst & Associates Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $294,000. Oregon Pacific Wealth Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $283,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of C.H. Robinson Worldwide by 77.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 69,614 shares of the transportation company’s stock valued at $10,300,000 after buying an additional 30,287 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.2%

C.H. Robinson Worldwide stock opened at $140.57 on Wednesday. The firm has a market capitalization of $16.43 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.15 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. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The stock’s fifty day simple moving average is $146.92 and its 200-day simple moving average is $167.50.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during 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%. During the same period last year, the business posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

CHRW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a research note on Monday, October 12th. Robert W. Baird dropped their target price on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Raymond James Financial reiterated an “outperform” rating and set a $170.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. Stifel Nicolaus set a $209.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. Finally, Bank of America reissued a “buy” rating and issued a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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 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.