Capital City Trust Co. FL Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Capital City Trust Co. FL purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel reports. The fund purchased 15,817 shares of the transportation company’s stock, valued at approximately $2,340,000.

Several other institutional investors have also bought and sold shares of the business. Sterling Capital Management LLC grew its stake in C.H. Robinson Worldwide by 16,719.2% during the 3rd quarter. Sterling Capital Management LLC now owns 232,778 shares of the transportation company’s stock worth $34,442,000 after buying an additional 231,394 shares during the last quarter. Kennebec Savings Bank purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $853,000. Rede Wealth LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $205,000. XXI Wealth LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $501,000. Finally, Yousif Capital Management LLC increased its holdings in C.H. Robinson Worldwide by 146.9% in the 3rd quarter. Yousif Capital Management LLC now owns 142,687 shares of the transportation company’s stock worth $21,112,000 after buying an additional 84,893 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $141.17 on Friday. 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 one year low of $125.41 and a one year high of $210.33. The stock’s 50 day moving average price is $146.52 and its 200 day moving average price is $166.95. The firm has a market capitalization of $16.50 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94.

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. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company 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 company earned $1.29 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on CHRW shares. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. Robert W. Baird cut their price target on 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. BMO Capital Markets lowered their price target 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. Susquehanna upped their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $220.00 price target on shares of 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.