Integrated Advisors Network LLC Acquires New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Integrated Advisors Network LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,862 shares of the transportation company’s stock, valued at approximately $1,607,000.

Other institutional investors also recently modified their holdings of the company. Vann Equity Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at about $641,000. CWS Financial Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $1,352,000. Argent Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth about $5,017,000. Cravens & Co Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $809,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $140.95 on Thursday. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. 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 cap of $16.47 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.17 and a beta of 0.94. The company has a fifty day moving average price of $146.81 and a 200-day moving average price of $167.31.

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 the consensus estimate 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 company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a 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%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CHRW shares. Deutsche Bank Aktiengesellschaft cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price target on the stock. in a research report on Monday, October 12th. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Finally, Bank of America restated a “buy” rating and issued a $203.00 target price 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 given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.