14,866 C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Axecap Investments LLC

Axecap Investments LLC boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,216.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,088 shares of the transportation company’s stock after buying an additional 14,866 shares during the quarter. C.H. Robinson Worldwide makes up about 1.5% of Axecap Investments LLC’s investment portfolio, making the stock its 26th largest holding. Axecap Investments LLC’s holdings in C.H. Robinson Worldwide were worth $2,498,000 as of its most recent SEC filing.

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

C.H. Robinson Worldwide Stock Up 1.2%

NASDAQ CHRW opened at $140.57 on Wednesday. The stock’s 50 day moving average is $146.92 and its 200 day moving average is $167.50. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The stock has a market cap of $16.43 billion, a PE ratio of 26.83, a P/E/G ratio of 1.15 and a beta of 0.94.

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. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Bank of America reiterated a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price target for the company. in a research report on Monday, October 12th. Raymond James Financial reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. UBS Group reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Stifel Nicolaus set a $209.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, October 8th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target 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.