3,924 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Towercrest Capital Management

Towercrest Capital Management bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 3,924 shares of the transportation company’s stock, valued at approximately $581,000.

A number of other large investors also recently added to or reduced their stakes in CHRW. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at approximately $579,922,000. Bank of New York Mellon Corp bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. Hamlin Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $123,176,000. Vontobel Holding Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 47,894.2% in the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock worth $122,993,000 after buying an additional 829,527 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after buying an additional 555,631 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded down $1.14 on Friday, reaching $141.17. The company’s stock had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. The stock’s fifty day simple moving average is $146.52 and its 200-day simple moving average is $166.95. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.41 and a 1 year high of $210.33. 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 $16.50 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results 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. 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 quarter in the prior year, the firm earned $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. Analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. 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 payout ratio is 48.09%.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of research reports. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Bank of America restated a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock 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.