Parrish Capital LLC Takes $1.35 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

Parrish Capital LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 7,454 shares of the transportation company’s stock, valued at approximately $1,349,000. C.H. Robinson Worldwide comprises 1.1% of Parrish Capital LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also made changes to their positions in CHRW. Vestcor Inc raised its stake in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after acquiring an additional 51 shares during the period. Horizon Investments LLC boosted its position in C.H. Robinson Worldwide by 3.1% during the fourth quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after purchasing an additional 58 shares during the period. Dogwood Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after purchasing an additional 65 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC increased its holdings in shares of C.H. Robinson Worldwide by 1.7% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 4,108 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 69 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $147.64 on Monday. The firm has a 50-day moving average of $168.41 and a 200-day moving average of $174.06. The stock has a market cap of $17.25 billion, a PE ratio of 28.18, a PEG ratio of 1.25 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. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating 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 business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the company posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CHRW shares. Robert W. Baird cut their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $197.00.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.