Herold Advisors Inc. Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Herold Advisors Inc. purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,432 shares of the transportation company’s stock, valued at approximately $804,000.

Other large investors also recently modified their holdings of the company. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide during the first quarter worth $579,922,000. Dimensional Fund Advisors LP grew its holdings in C.H. Robinson Worldwide by 2.4% in the first 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 period. Bank of America Corp DE increased its stake in C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide in the second quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at $123,176,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CHRW shares. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Stephens decreased their target price on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Down 0.5%

Shares of C.H. Robinson Worldwide stock traded down $0.64 during trading hours on Monday, reaching $138.85. The company’s stock had a trading volume of 386,300 shares, compared to its average volume of 1,973,877. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The company has a market capitalization of $16.22 billion, a P/E ratio of 26.49, a P/E/G ratio of 1.16 and a beta of 0.94. The stock’s fifty day simple moving average is $147.20 and its two-hundred day simple moving average is $167.89. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. 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 payout ratio is 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 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.