Summit Place Financial Advisors LLC Buys New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Summit Place Financial Advisors LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,357 shares of the transportation company’s stock, valued at approximately $1,680,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide in the 2nd quarter worth $172,626,000. Hamlin Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $123,176,000. Vontobel Holding Ltd. grew its holdings in C.H. Robinson Worldwide by 47,894.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock worth $122,993,000 after acquiring an additional 829,527 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after acquiring an additional 555,631 shares during the period. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $141.17 on Monday. 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 has a market cap of $16.50 billion, a PE ratio of 26.94, a P/E/G ratio of 1.17 and a beta of 0.94. The business has a 50 day moving average of $146.52 and a 200 day moving average of $166.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.41 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company 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%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 earnings per share. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. 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%.

Analysts Set New Price Targets

CHRW has been the subject of several recent analyst reports. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Raymond James Financial reiterated an “outperform” rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently 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.