C.H. Robinson Worldwide, Inc. $CHRW Position Raised by Valley National Advisers Inc.

Valley National Advisers Inc. raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,631 shares of the transportation company’s stock after purchasing an additional 4,670 shares during the period. Valley National Advisers Inc.’s holdings in C.H. Robinson Worldwide were worth $2,905,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $579,922,000. Dimensional Fund Advisors LP increased its position in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after buying an additional 25,674 shares in the last quarter. Bank of America Corp DE raised its stake in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after buying an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in C.H. Robinson Worldwide during the second quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC purchased a new position in C.H. Robinson Worldwide during the third quarter valued at $123,176,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHRW has been the topic of several analyst reports. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a report on Thursday, July 30th. BMO Capital Markets reduced their price target on C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a report on Friday, October 16th. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Bank of America reiterated a “buy” rating and issued a $203.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $141.17 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $125.41 and a one year high of $210.33. The stock has a 50-day moving average of $146.52 and a 200 day moving average of $166.95. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94. 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. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date 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 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.