C.H. Robinson Worldwide, Inc. $CHRW Stock: Sterling Capital Management LLC Raises Position

Sterling Capital Management LLC grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16,719.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 232,778 shares of the transportation company’s stock after acquiring an additional 231,394 shares during the quarter. Sterling Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $34,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Kennebec Savings Bank purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $853,000. Rede Wealth LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $205,000. XXI Wealth LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $501,000. Yousif Capital Management LLC grew its stake in shares of C.H. Robinson Worldwide by 146.9% in the 3rd quarter. Yousif Capital Management LLC now owns 142,687 shares of the transportation company’s stock valued at $21,112,000 after buying an additional 84,893 shares in the last quarter. Finally, Seven Mile Advisory acquired a new position in C.H. Robinson Worldwide in the third quarter worth approximately $287,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CHRW. Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective on the stock. in a research report on Monday, October 12th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Raymond James Financial restated an “outperform” rating and set a $170.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Finally, Weiss Ratings cut shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded down $1.14 during trading on Friday, reaching $141.17. The company had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. The company has a market capitalization of $16.50 billion, a PE ratio of 26.94, a PEG ratio of 1.18 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm’s 50 day simple moving average is $146.52 and its two-hundred day simple moving average is $166.95. C.H. Robinson Worldwide, Inc. has a one year low of $125.41 and a one year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 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 analyst estimates of $4.35 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

C.H. Robinson Worldwide Company 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.