Wolff Financial Management LLC Makes New $669,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Wolff Financial Management LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, Holdings Channel.com reports. The fund acquired 4,523 shares of the transportation company’s stock, valued at approximately $669,000.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CHRW shares. Jefferies Financial Group restated a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. BMO Capital Markets lowered their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a research note on Friday, October 16th. Finally, Bank of America reissued a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $141.17 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The stock’s fifty day moving average price is $146.52 and its 200 day moving average price is $166.95. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.41 and a 1 year high of $210.33. The company has a market cap of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business posted $1.29 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

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.