11,254 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Howard Capital Management LLC

Howard Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,254 shares of the transportation company’s stock, valued at approximately $1,665,000.

A number of other large investors have also recently added to or reduced their stakes in the business. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the first quarter worth approximately $579,922,000. Auto Owners Insurance Co increased its holdings in shares of C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after buying an additional 1,501,744 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after buying 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% during 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 during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $172,626,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHRW. Susquehanna raised their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. BMO Capital Markets decreased 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 report on Friday. Stephens cut their target price on 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. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Finally, Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Trading Down 3.0%

C.H. Robinson Worldwide stock opened at $139.49 on Friday. 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 debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.16 and a beta of 0.94. The company has a 50 day moving average price of $147.20 and a 200 day moving average price of $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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 firm 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 company posted $1.29 EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm 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. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.