C.H. Robinson Worldwide, Inc. $CHRW is Hennessy Advisors Inc.’s 7th Largest Position

Hennessy Advisors Inc. increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.6% in the second quarter, Holdings Channel reports. The firm owned 338,638 shares of the transportation company’s stock after buying an additional 50,638 shares during the period. C.H. Robinson Worldwide comprises 2.0% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 7th largest holding. Hennessy Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $63,779,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CHRW. Goldman Sachs Group Inc. boosted its stake in C.H. Robinson Worldwide by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after buying an additional 24,788 shares during the period. United Services Automobile Association acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at about $259,000. Empowered Funds LLC raised its stake in shares of C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after acquiring an additional 350 shares during the period. Woodline Partners LP raised its stake in shares of C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after acquiring an additional 2,930 shares during the period. Finally, Focus Partners Wealth lifted its holdings in shares of C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after acquiring an additional 359 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $150.39 on Friday. The firm has a market cap of $17.57 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33. 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’s 50 day moving average is $171.72 and its two-hundred day moving average is $175.47.

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. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 EPS. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $0.63 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

Analyst Ratings Changes

CHRW has been the subject of several research reports. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, August 18th. Sanford C. Bernstein lowered their price target on C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating for the company in a research report on Tuesday, August 11th. UBS Group lifted their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Finally, BMO Capital Markets increased their target price on 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $197.00.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.