C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Sepio Capital LP

Key Points

• Sepio Capital LP purchased 21,747 C.H. Robinson shares worth approximately $3.2 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding the $1.53 consensus estimate, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63, yielding about 1.8% annually.
• Analyst sentiment remains a Moderate Buy, with a consensus price target of $190, although some firms recently downgraded or lowered their targets. Shares opened at $142.31, well below the one-year high of $210.33.

Sepio Capital LP purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 also recently modified their holdings of CHRW. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $172,626,000. Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at about $123,176,000. Vontobel Holding Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 47,894.2% during the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company's stock worth $122,993,000 after purchasing an additional 829,527 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of C.H. Robinson Worldwide by 532.7% during the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock worth $109,594,000 after purchasing an additional 555,631 shares during the period. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $142.31 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. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The company has a 50-day simple moving average of $146.66 and a two-hundred day simple moving average of $167.13. The firm has a market capitalization of $16.63 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating 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 business had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the previous year, the firm posted $1.29 EPS. The business's revenue was up 19.3% on a year-over-year basis. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given 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 currently 48.09%.

Analysts Set New Price Targets

CHRW has been the topic of several recent analyst reports. BMO Capital Markets cut their target price on C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating on the stock in a research note on Friday, October 16th. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price target for the company. in a research report on Monday, October 12th. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Finally, TD Cowen reiterated a "hold" rating 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 given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.00.

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.

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