Howland Capital Management LLC Acquires New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Howland Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,529 shares of the transportation company’s stock, valued at approximately $522,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new stake in C.H. Robinson Worldwide in the second quarter worth approximately $27,000. NBH Bank bought a new position in C.H. Robinson Worldwide during the 2nd quarter valued at $29,000. Millstone Evans Group LLC increased its position in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares during the period. Burkett Financial Services LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $25,000. Finally, Cornerstone Planning Group LLC increased its position in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $142.31 on Friday. The firm has a 50-day moving average of $146.66 and a two-hundred day moving average of $167.13. The firm has a market capitalization of $16.63 billion, a PE ratio of 27.16, a P/E/G ratio of 1.17 and a beta of 0.94. 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 one year low of $125.35 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 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 business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given 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 payout ratio is presently 48.09%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CHRW. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Bank of America reaffirmed a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average 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.