RKL Wealth Management LLC Acquires New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

RKL Wealth Management LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, Holdings Channel.com reports. The firm bought 14,546 shares of the transportation company’s stock, valued at approximately $2,152,000.

Other large investors have also modified their holdings of the company. Dogwood Wealth Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after purchasing an additional 65 shares during the period. Cornerstone Planning Group LLC increased its position in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Millstone Evans Group LLC raised its holdings in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the period. Root Financial Partners LLC raised its holdings in C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after buying an additional 75 shares during the period. Finally, Elevated Capital Advisors LLC raised its holdings in C.H. Robinson Worldwide by 10.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock valued at $139,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 3.0%

Shares of CHRW stock traded down $4.33 on Friday, hitting $139.49. The stock had a trading volume of 3,653,853 shares, compared to its average volume of 2,115,310. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $16.30 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.19 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The company’s 50 day moving average price is $147.20 and its 200-day moving average price is $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a dividend of $0.63 per share. 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 currently 48.09%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHRW. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price on the stock. Evercore set a $217.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Susquehanna lifted their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.00.

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.