Prescott Group Capital Management L.L.C. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,000 shares of the transportation company’s stock, valued at approximately $3,995,000.
A number of other institutional investors have also added to or reduced their stakes in CHRW. Dogwood Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after buying an additional 65 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares during the last quarter. Millstone Evans Group LLC grew its stake in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. Elevated Capital Advisors LLC grew its stake in C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock valued at $139,000 after acquiring an additional 82 shares in the last quarter. Finally, Keybank National Association OH grew its stake in C.H. Robinson Worldwide by 2.9% during the first quarter. Keybank National Association OH now owns 3,153 shares of the transportation company’s stock valued at $524,000 after acquiring an additional 88 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CHRW has been the topic of several research analyst reports. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Raymond James Financial set a $163.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th. Stephens cut their price objective on C.H. Robinson Worldwide from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. TD Cowen reduced their target price on C.H. Robinson Worldwide from $152.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, October 28th. Finally, Citigroup decreased their target price on C.H. Robinson Worldwide from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.52.
View Our Latest Research Report on CHRW
C.H. Robinson Worldwide Trading Up 3.7%
Shares of CHRW opened at $133.51 on Wednesday. The company’s fifty day simple moving average is $144.83 and its 200-day simple moving average is $169.15. The company has a market cap of $15.48 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a current ratio of 1.34, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. C.H. Robinson Worldwide, Inc. has a twelve month low of $122.21 and a twelve month high of $210.33.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.05. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.36 EPS for the current year.
C.H. Robinson Worldwide Dividend Announcement
The company also recently disclosed 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 of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 45.24%.
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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