832,495 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Hamlin Capital Management LLC

Hamlin Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 832,495 shares of the transportation company’s stock, valued at approximately $123,176,000. C.H. Robinson Worldwide comprises 3.0% of Hamlin Capital Management LLC’s holdings, making the stock its 17th largest holding. Hamlin Capital Management LLC owned about 0.71% of C.H. Robinson Worldwide as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Aletheian Wealth Advisors LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at $297,000. YHB Investment Advisors Inc. purchased a new position in C.H. Robinson Worldwide in the third quarter worth about $368,000. Titleist Asset Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $1,487,000. Apella Capital LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $6,516,000. Finally, Everhart Financial Group Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $2,327,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America reiterated a “buy” rating and issued a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday. Stifel Nicolaus set a $209.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $194.76.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $3.82 during trading hours on Thursday, reaching $139.00. 789,603 shares of the stock traded hands, compared to its average volume of 1,971,100. The company has a market cap of $16.24 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 1.13 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. The company’s 50-day moving average price is $148.44 and its two-hundred day moving average price is $169.17. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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 business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share 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. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

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 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.