Retirement Planning Co of New England Inc. Buys New Position in C.H. Robinson Worldwide, Inc. $CHRW

Retirement Planning Co of New England Inc. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,540 shares of the transportation company’s stock, valued at approximately $1,855,000.

A number of other large investors also recently modified their holdings of CHRW. Mystic Asset Management Inc. acquired a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $2,020,000. RDA Financial Network acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $263,000. Summit Financial Wealth Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $1,624,000. State of Alaska Department of Revenue raised its position in shares of C.H. Robinson Worldwide by 1,646.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 201,772 shares of the transportation company’s stock valued at $29,854,000 after acquiring an additional 190,222 shares during the last quarter. Finally, Charles Schwab Trust Co bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $3,433,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday. BMO Capital Markets lifted their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Finally, TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One 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’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $191.20.

C.H. Robinson Worldwide Stock Up 1.3%

CHRW stock traded up $1.77 during midday trading on Thursday, hitting $141.22. The company’s stock had a trading volume of 568,976 shares, compared to its average volume of 1,968,414. 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, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The company’s fifty day moving average price is $147.45 and its 200 day moving average price is $168.17. The stock has a market capitalization of $16.50 billion, a P/E ratio of 26.91, a PEG ratio of 1.14 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 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.