Sanders Morris Harris LLC Acquires 52,001 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Sanders Morris Harris LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,001 shares of the transportation company’s stock, valued at approximately $7,694,000. C.H. Robinson Worldwide makes up about 1.0% of Sanders Morris Harris LLC’s holdings, making the stock its 24th largest position.

Other institutional investors have also recently made changes to their positions in the company. Vann Equity Management LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth about $641,000. Argent Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $5,017,000. Amundi boosted its stake in C.H. Robinson Worldwide by 24.7% in the 1st quarter. Amundi now owns 338,574 shares of the transportation company’s stock worth $56,227,000 after purchasing an additional 67,108 shares in the last quarter. Empowered Funds LLC grew its position in C.H. Robinson Worldwide by 469.4% during the 1st quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after purchasing an additional 55,005 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in C.H. Robinson Worldwide in the first quarter worth about $10,997,000. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CHRW. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Susquehanna upped their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.08.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded up $1.48 during mid-day trading on Wednesday, reaching $139.45. The stock had a trading volume of 1,918,687 shares, compared to its average volume of 1,975,656. 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 has a market cap of $16.29 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The business’s 50 day moving average price is $147.74 and its 200 day moving average price is $168.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly 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 company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.25 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. Investors of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 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.