Forum Financial Management LP acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,187 shares of the transportation company’s stock, valued at approximately $1,063,000.
Other institutional investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 65 shares during the period. Cornerstone Planning Group LLC lifted its holdings in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares in the last quarter. Millstone Evans Group LLC lifted its holdings in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. Root Financial Partners LLC lifted its holdings in C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after purchasing an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its stake in C.H. Robinson Worldwide by 10.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.
C.H. Robinson Worldwide Trading Down 3.0%
Shares of C.H. Robinson Worldwide stock opened at $139.49 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month 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. The business has a 50-day moving average price of $147.20 and a 200-day moving average price of $167.85. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.19 and a beta of 0.94.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 earnings per share. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.
C.H. Robinson Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. 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 for the company. in a report on Monday, October 12th. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective on the stock. Robert W. Baird lowered their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Bank of America restated a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $190.00.
Get Our Latest Stock Report on CHRW
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 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.
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