Purewater Capital LLC Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Purewater Capital LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,298 shares of the transportation company’s stock, valued at approximately $784,000. C.H. Robinson Worldwide comprises approximately 0.6% of Purewater Capital LLC’s portfolio, making the stock its 20th largest holding.

A number of other large investors also recently bought and sold shares of the business. Dogwood Wealth Management LLC grew its position in C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 65 shares during the last quarter. Cornerstone Planning Group LLC increased 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 worth $31,000 after purchasing an additional 67 shares during the period. Millstone Evans Group LLC lifted its position in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after purchasing an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 10.9% during the first 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 Price Performance

Shares of NASDAQ:CHRW opened at $141.17 on Monday. The business’s 50 day moving average is $146.52 and its 200 day moving average is $166.94. The stock has a market cap of $16.50 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.41 and a 52-week high of $210.33. 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 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 business had revenue of $4.93 billion during 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 period in the previous year, the company posted $1.29 EPS. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Raymond James Financial reiterated an “outperform” rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.