C.H. Robinson Worldwide, Inc. $CHRW Stock: Sterling Capital Management LLC Boosts Holdings

Key Points

• Sterling Capital Management increased its C.H. Robinson position by 16,719.2% in the third quarter, acquiring 231,394 additional shares for a total holding valued at approximately $34.4 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, topping the $1.53 consensus estimate, while revenue rose 19.3% year over year to $4.93 billion.
• The stock recently traded at $141.17, down 0.8%, while analysts maintained a “Moderate Buy” consensus with an average price target of $190. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.8% annually.

Sterling Capital Management LLC raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 16,719.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 232,778 shares of the transportation company's stock after buying an additional 231,394 shares during the quarter. Sterling Capital Management LLC owned 0.20% of C.H. Robinson Worldwide worth $34,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHRW. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $579,922,000. Dimensional Fund Advisors LP lifted its position in shares of C.H. Robinson Worldwide by 2.4% in 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 acquiring an additional 25,674 shares in the last quarter. Bank of America Corp DE lifted its position in shares of C.H. Robinson Worldwide by 13.7% in the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock valued at $175,304,000 after acquiring an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $123,176,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 0.8%

Shares of NASDAQ 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 company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.18 and a beta of 0.94. The stock has a fifty day moving average of $146.52 and a two-hundred day moving average of $166.95. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.41 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm's revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. As a group, equities research analysts expect 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 paid a dividend of $0.63 per share. 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 (DPR) is 48.09%.

Analyst Ratings Changes

CHRW has been the topic of several research analyst reports. Stephens lowered their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Weiss Ratings cut C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. UBS Group reiterated a "buy" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Robert W. Baird dropped their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Company 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.

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