C.H. Robinson Worldwide, Inc. $CHRW Stock: Crossmark Global Holdings Inc. Raises Position

Crossmark Global Holdings Inc. grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 41.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 82,961 shares of the transportation company’s stock after purchasing an additional 24,359 shares during the period. Crossmark Global Holdings Inc.’s holdings in C.H. Robinson Worldwide were worth $13,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHRW. Vann Equity Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $641,000. CWS Financial Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $1,352,000. Argent Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $5,017,000. Cravens & Co Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $1,242,000. Finally, Birch Hill Investment Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $809,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.0%

Shares of CHRW opened at $142.31 on Friday. 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 50-day moving average of $146.66 and a 200 day moving average of $167.13. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared 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. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHRW. Stephens cut their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Finally, Evercore set a $217.00 price target on C.H. Robinson Worldwide in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.