Rahlfs Capital LLC Acquires New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Rahlfs Capital LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 7,829 shares of the transportation company’s stock, valued at approximately $1,158,000.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on CHRW. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. JPMorgan Chase & Co. dropped their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Evercore set a $217.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. Finally, BMO Capital Markets decreased their price target 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. 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 issued a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Stock Down 0.8%

Shares of CHRW traded down $1.14 during mid-day trading on Friday, reaching $141.17. The company had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a 50-day moving average price of $146.52 and a 200 day moving average price of $166.95. 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 market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $4.35 billion. During the same quarter in the prior year, the business posted $1.29 EPS. 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 year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a 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%.

C.H. Robinson Worldwide 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.