C.H. Robinson Worldwide, Inc. $CHRW Stock: Axecap Investments LLC Boosts Position

Axecap Investments LLC increased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,216.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,088 shares of the transportation company’s stock after buying an additional 14,866 shares during the period. C.H. Robinson Worldwide accounts for about 1.5% of Axecap Investments LLC’s investment portfolio, making the stock its 26th biggest position. Axecap Investments LLC’s holdings in C.H. Robinson Worldwide were worth $2,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at approximately $579,922,000. Dimensional Fund Advisors LP raised its holdings in shares of 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 worth $181,810,000 after acquiring an additional 25,674 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of C.H. Robinson Worldwide by 13.7% during the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $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 during the 2nd quarter worth approximately $172,626,000. Finally, Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $123,176,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 1.2%

Shares of CHRW opened at $140.57 on Wednesday. The company has a market cap of $16.43 billion, a PE ratio of 26.83, a P/E/G ratio of 1.15 and a beta of 0.94. The business has a fifty day moving average of $146.92 and a 200 day moving average of $167.50. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current 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 issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price 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, October 5th. Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Stephens dropped their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.