Investment Research & Advisory Group Inc. acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 20,922 shares of the transportation company’s stock, valued at approximately $3,096,000. C.H. Robinson Worldwide accounts for approximately 0.9% of Investment Research & Advisory Group Inc.’s portfolio, making the stock its 29th biggest holding.
A number of other institutional investors have also modified their holdings of the company. OceanIQ Capital LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $162,000. Herold Advisors Inc. acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $804,000. LexAurum Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $656,000. Independent Wealth Network Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $252,000. Finally, Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on CHRW shares. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.00.
Check Out Our Latest Stock Analysis on C.H. Robinson Worldwide
C.H. Robinson Worldwide Stock Down 0.5%
NASDAQ:CHRW traded down $0.64 during mid-day trading on Monday, reaching $138.85. The stock had a trading volume of 386,300 shares, compared to its average volume of 1,973,877. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33. The stock’s 50 day simple moving average is $147.20 and its two-hundred day simple moving average is $167.89.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.
C.H. Robinson Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. 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 is currently 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.
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