29,470 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Parthenon LLC

Parthenon LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 29,470 shares of the transportation company’s stock, valued at approximately $4,360,000.

Other large investors have also recently added to or reduced their stakes in the company. MLP3 LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at $180,000. Private Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $1,390,000. Credit Capital Investments LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $178,000. MBL Wealth LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $1,210,000. Finally, OLD Second National Bank of Aurora acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $601,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHRW has been the topic of several research analyst reports. Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stifel Nicolaus set a $209.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective on the stock. in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Trading Down 0.8%

CHRW traded down $1.14 during mid-day trading on Friday, hitting $141.17. 1,251,746 shares of the stock were exchanged, compared to its average volume of 2,104,193. The firm’s fifty day moving average is $146.52 and its two-hundred day moving average is $166.95. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.41 and a 1-year high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market cap of $16.50 billion, a PE ratio of 26.94, a PEG ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results 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. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid 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 (DPR) is presently 48.09%.

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.