Simplicity Wealth LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 21,494 shares of the transportation company’s stock, valued at approximately $3,180,000.
Several other institutional investors also recently modified their holdings of CHRW. NTV Asset Management LLC purchased a new position in C.H. Robinson Worldwide in the third quarter worth $326,000. Sowell Financial Services LLC grew its stake in C.H. Robinson Worldwide by 723.1% in the 3rd quarter. Sowell Financial Services LLC now owns 42,448 shares of the transportation company’s stock valued at $6,281,000 after purchasing an additional 37,291 shares during the period. Ascent Wealth Partners LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $571,000. Ervin Investment Management LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $963,000. Finally, Evergreen Capital Management LLC increased its position in shares of C.H. Robinson Worldwide by 1,992.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 23,959 shares of the transportation company’s stock valued at $3,545,000 after purchasing an additional 22,814 shares during the last quarter. 93.15% of the stock is owned by institutional investors.
C.H. Robinson Worldwide Stock Performance
NASDAQ:CHRW opened at $141.17 on Monday. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.41 and a 12 month 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 firm’s 50 day moving average is $146.52 and its 200 day moving average is $166.94. The stock has a market capitalization of $16.50 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last posted its quarterly earnings data 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 return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.
C.H. Robinson Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.
Analyst Upgrades and Downgrades
CHRW has been the topic of a number of recent analyst reports. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. 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 target for the company. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.00.
View Our Latest Stock Analysis on CHRW
C.H. Robinson Worldwide Company Profile
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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