Sapient Capital LLC Purchases New Position in C.H. Robinson Worldwide, Inc. $CHRW

Sapient Capital LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 166,865 shares of the transportation company’s stock, valued at approximately $24,689,000.

Other hedge funds have also recently made changes to their positions in the company. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Auto Owners Insurance Co lifted its holdings in shares of C.H. Robinson Worldwide by 15,976.0% during the 4th 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of C.H. Robinson Worldwide by 2.4% in the 1st 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 in the last quarter. Bank of America Corp DE increased its position in C.H. Robinson Worldwide by 13.7% during the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after buying 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 in the second quarter valued at about $172,626,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CHRW shares. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Citizens Jmp started coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 target price for the company. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.76.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $6.16 during mid-day trading on Thursday, hitting $141.34. The company had a trading volume of 2,455,506 shares, compared to its average volume of 1,980,095. 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 capitalization of $16.52 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 1.13 and a beta of 0.94. The company’s fifty day moving average is $148.44 and its 200-day moving average is $169.17. 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 posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm 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 business’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 EPS. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $0.63 dividend. 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 currently 48.09%.

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.