C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Retirement Planning Group LLC

Retirement Planning Group LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,506 shares of the transportation company’s stock, valued at approximately $3,922,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHRW. Secure Asset Management LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at about $2,191,000. Columbia Asset Management acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $752,000. Maia Wealth LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $441,000. Ridgecrest Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $734,000. Finally, Tanager Wealth Management LLP purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth approximately $1,856,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.5%

NASDAQ:CHRW opened at $138.85 on Tuesday. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.16 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 has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The business’s fifty day moving average price is $147.01 and its 200 day moving average price is $167.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the business earned $1.29 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date 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 currently 48.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CHRW shares. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Finally, Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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 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.