3,587 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Powell Investment Advisors LLC

Powell Investment Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,587 shares of the transportation company’s stock, valued at approximately $531,000.

A number of other large investors have also bought and sold shares of CHRW. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Bank of New York Mellon Corp purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. Hamlin Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $123,176,000. Vontobel Holding Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 47,894.2% in the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock worth $122,993,000 after purchasing an additional 829,527 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after purchasing an additional 555,631 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHRW has been the topic of several analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Jefferies Financial Group reissued a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Susquehanna boosted their price objective 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. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Trading Up 1.0%

NASDAQ CHRW opened at $142.31 on Friday. 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, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The firm has a market capitalization of $16.63 billion, a PE ratio of 27.16, a P/E/G ratio of 1.17 and a beta of 0.94. The stock’s 50 day moving average is $146.66 and its 200 day moving average is $167.13.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion for 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%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 earnings per share. Research 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 dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 48.09%.

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.