C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Revisor Wealth Management LLC

Revisor Wealth Management LLC grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 498.2% during the third quarter, Holdings Channel reports. The firm owned 13,478 shares of the transportation company’s stock after acquiring an additional 11,225 shares during the quarter. Revisor Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $579,922,000. Dimensional Fund Advisors LP increased 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 in the last quarter. Bank of America Corp DE increased its holdings 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 worth $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $123,176,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 1.2%

Shares of C.H. Robinson Worldwide stock opened at $140.57 on Wednesday. The stock has a market capitalization of $16.43 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33. The stock has a 50 day moving average price of $146.92 and a two-hundred day moving average price of $167.50. 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 earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird cut their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. BMO Capital Markets dropped their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average 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.