Sepio Capital LP Acquires 21,747 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Sepio Capital LP bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel reports. The firm bought 21,747 shares of the transportation company’s stock, valued at approximately $3,218,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $27,000. NBH Bank purchased a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $29,000. Millstone Evans Group LLC lifted its position in 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 acquiring an additional 71 shares during the period. Burkett Financial Services LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $25,000. Finally, Cornerstone Planning Group LLC boosted its stake in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $142.31 on Friday. The company has a market capitalization of $16.63 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average of $146.66 and a 200 day moving average of $167.13. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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 net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of recent research reports. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. JPMorgan Chase & Co. dropped their price target on 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. Finally, Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.