Uncommon Cents Investing Inc Buys New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Uncommon Cents Investing Inc purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,916 shares of the transportation company’s stock, valued at approximately $875,000.

A number of other large investors also recently modified their holdings of the company. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $579,922,000. Dimensional Fund Advisors LP lifted its position in shares of C.H. Robinson Worldwide by 2.4% during 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 during the last quarter. Bank of America Corp DE lifted its position in shares of 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 worth $175,304,000 after purchasing an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide during the second quarter worth $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $123,176,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 1.2%

CHRW stock opened at $140.57 on Wednesday. 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 twelve month low of $125.35 and a twelve month high of $210.33. The company’s 50 day moving average is $146.92 and its two-hundred day moving average is $167.50. The stock has a market cap of $16.43 billion, a P/E ratio of 26.83, a PEG ratio of 1.15 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping 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 business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid 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 (DPR) is currently 48.09%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a report on Monday, October 12th. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. JPMorgan Chase & Co. decreased their price target on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

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 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.