C.H. Robinson Worldwide, Inc. $CHRW Stock Sold by Monument Capital Management

Monument Capital Management lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,971 shares of the transportation company’s stock after selling 4,581 shares during the quarter. Monument Capital Management’s holdings in C.H. Robinson Worldwide were worth $1,475,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHRW. Burkett Financial Services LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $25,000. Millstone Evans Group LLC lifted its holdings in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Continuum Advisory LLC acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth $27,000. NBH Bank acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth $29,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of 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 buying an additional 67 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. JPMorgan Chase & Co. cut 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 report on Monday. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.76.

C.H. Robinson Worldwide Stock Up 4.6%

NASDAQ CHRW opened at $141.34 on Friday. The business’s fifty day simple moving average is $148.33 and its 200-day simple moving average is $168.98. 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 market cap of $16.52 billion, a PE ratio of 26.97, a P/E/G ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week 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 (EPS) for the quarter, beating 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 firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company 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 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 is 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 service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.