6,366 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Salvus Wealth Management LLC

Salvus Wealth Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,366 shares of the transportation company’s stock, valued at approximately $942,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $579,922,000. Dimensional Fund Advisors LP boosted its position in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after acquiring an additional 25,674 shares during the period. Bank of America Corp DE boosted its position in C.H. Robinson Worldwide by 13.7% during the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after acquiring an additional 127,103 shares during the period. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth $172,626,000. Finally, Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $123,176,000. 93.15% of the stock is owned by institutional investors.

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C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded down $1.78 during midday trading on Tuesday, hitting $137.97. 1,959,232 shares of the stock were exchanged, compared to its average volume of 1,975,947. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 26.33, a P/E/G 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 one year low of $123.64 and a one year high of $210.33. The business has a 50-day moving average price of $148.07 and a two-hundred day moving average price of $168.60.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its 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. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 earnings per share. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.25 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. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CHRW shares. Stephens lowered their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. UBS Group reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Bank of America reaffirmed a “buy” rating and issued a $203.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. Finally, TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $192.08.

View Our Latest Research Report on C.H. Robinson Worldwide

C.H. Robinson Worldwide Company Profile

(Free Report)

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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