RWC Asset Management LLP Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

RWC Asset Management LLP acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel reports. The institutional investor acquired 181,778 shares of the transportation company’s stock, valued at approximately $26,896,000. C.H. Robinson Worldwide makes up about 1.0% of RWC Asset Management LLP’s investment portfolio, making the stock its 23rd largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $579,922,000. Bank of New York Mellon Corp purchased a new position in C.H. Robinson Worldwide in the second quarter valued at about $172,626,000. Hamlin Capital Management LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $123,176,000. Vontobel Holding Ltd. boosted its holdings in C.H. Robinson Worldwide by 47,894.2% in the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock valued at $122,993,000 after purchasing an additional 829,527 shares during the last quarter. Finally, Sei Investments Co. grew its stake in C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after purchasing an additional 555,631 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $1.14 during trading on Friday, reaching $141.17. 1,251,746 shares of the company were exchanged, compared to its average volume of 2,104,193. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.41 and a 52 week high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average of $146.52 and a 200 day moving average of $166.95. The stock has a market cap of $16.50 billion, a P/E ratio of 26.94, a PEG ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its 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 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 analysts’ expectations of $4.35 billion. During the same period last year, the business posted $1.29 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS 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. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 48.09%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CHRW. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Raymond James Financial reaffirmed an “outperform” rating and issued a $170.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

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.