13,443 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Kessler Investment Group LLC

Kessler Investment Group LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,443 shares of the transportation company’s stock, valued at approximately $1,989,000.

A number of other hedge funds also recently bought and sold shares of the business. Dogwood Wealth Management LLC increased its holdings in C.H. Robinson Worldwide by 37.8% in the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after buying an additional 65 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 67 shares during the last quarter. 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 worth $27,000 after acquiring an additional 71 shares in the last quarter. Root Financial Partners LLC grew its position in C.H. Robinson Worldwide by 8.7% in the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after acquiring an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 10.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

CHRW stock traded up $4.07 on Thursday, reaching $139.25. 694,416 shares of the company were exchanged, compared to its average volume of 1,970,774. The firm has a market capitalization of $16.27 billion, a PE ratio of 26.63, a PEG ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The stock’s fifty day moving average price is $148.44 and its 200 day moving average price is $169.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating 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 net margin of 3.73% and a return on equity of 38.36%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CHRW shares. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America reaffirmed a “buy” rating and issued a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $194.76.

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.