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

Hamlin Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 832,495 shares of the transportation company’s stock, valued at approximately $123,176,000. C.H. Robinson Worldwide comprises approximately 3.0% of Hamlin Capital Management LLC’s holdings, making the stock its 17th largest position.

Several other institutional investors have also added to or reduced their stakes in CHRW. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $579,922,000. Auto Owners Insurance Co grew its holdings in shares of C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after purchasing an additional 1,501,744 shares in the last quarter. Dimensional Fund Advisors LP increased its position in C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after purchasing an additional 25,674 shares during the last quarter. Bank of America Corp DE raised its stake in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at $172,626,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 2.8%

Shares of C.H. Robinson Worldwide stock traded up $3.82 during trading on Thursday, hitting $139.00. The stock had a trading volume of 789,603 shares, compared to its average volume of 1,971,100. The firm’s fifty day simple moving average is $148.44 and its 200-day simple moving average is $169.17. The stock has a market cap of $16.24 billion, a PE ratio of 26.53, a PEG ratio of 1.13 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, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the firm posted $1.29 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given 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 was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 48.09%.

Analysts Set New Price Targets

A number of brokerages have commented on CHRW. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. Finally, Susquehanna upped their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $194.76.

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 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.