Smith Shellnut Wilson LLC ADV Purchases 5,204 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Smith Shellnut Wilson LLC ADV purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 5,204 shares of the transportation company’s stock, valued at approximately $770,000.

A number of other large investors also recently modified their holdings of CHRW. Measured Risk Portfolios Inc. bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $1,660,000. Axxcess Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 67.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 47,858 shares of the transportation company’s stock valued at $7,863,000 after buying an additional 19,199 shares during the period. Crossmark Global Holdings Inc. increased its stake in C.H. Robinson Worldwide by 41.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 82,961 shares of the transportation company’s stock valued at $13,308,000 after buying an additional 24,359 shares during the period. Income Insurance Ltd bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $706,000. Finally, Albion Financial Group UT bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $940,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 0.3%

Shares of CHRW stock opened at $140.95 on Thursday. The stock has a 50-day simple moving average of $146.81 and a 200 day simple moving average of $167.31. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The stock has a market capitalization of $16.47 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.17 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping 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 firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the business earned $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Jefferies Financial Group reiterated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a report on Monday, October 12th. Finally, JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

About C.H. Robinson Worldwide

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.