HF Advisory Group LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor purchased 18,154 shares of the transportation company’s stock, valued at approximately $2,686,000.
Several other large investors also recently modified their holdings of CHRW. Continuum Advisory LLC acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $27,000. NBH Bank acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $29,000. Millstone Evans Group LLC grew its position in C.H. Robinson Worldwide by 79.8% in 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 during the period. Burkett Financial Services LLC acquired a new position in C.H. Robinson Worldwide during the third quarter worth $25,000. Finally, Cornerstone Planning Group LLC raised its stake in 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 in the last quarter. 93.15% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
CHRW has been the topic of several recent analyst reports. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. BMO Capital Markets lifted their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $194.76.
C.H. Robinson Worldwide Stock Performance
C.H. Robinson Worldwide stock opened at $142.31 on Friday. The company has a market cap of $16.63 billion, a PE ratio of 27.16, a PEG ratio of 1.18 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 1 year low of $123.64 and a 1 year high of $210.33. The company’s 50-day moving average is $148.22 and its two-hundred day moving average is $168.79.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous 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 6.21 earnings per share for the current year.
C.H. Robinson Worldwide Dividend Announcement
The business also recently declared 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 was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 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.
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