C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Monument Capital Management

Monument Capital Management lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,971 shares of the transportation company’s stock after selling 4,581 shares during the quarter. Monument Capital Management’s holdings in C.H. Robinson Worldwide were worth $1,475,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CHRW. WCM Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $579,922,000. Auto Owners Insurance Co raised its holdings in C.H. Robinson Worldwide by 15,976.0% in 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 buying an additional 1,501,744 shares during the period. Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide in the second quarter valued at about $172,626,000. Hamlin Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $123,176,000. Finally, Sei Investments Co. boosted its stake in C.H. Robinson Worldwide by 532.7% during 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 during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 4.6%

Shares of NASDAQ:CHRW opened at $141.34 on Friday. The firm has a market capitalization of $16.52 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $123.64 and a 1 year high of $210.33. 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 moving average is $148.33 and its two-hundred day moving average is $168.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data 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 business had revenue of $4.93 billion during the quarter, compared to analyst estimates 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 for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHRW. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Raymond James Financial set a $192.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Finally, Bank of America restated a “buy” rating and set a $203.00 price target 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 assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $194.76.

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 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.