C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Garrett Wealth Advisory Group LLC

Garrett Wealth Advisory Group LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,884 shares of the transportation company’s stock, valued at approximately $575,000.

Several other institutional investors also recently modified their holdings of the stock. Continuum Advisory LLC purchased a new position in C.H. Robinson Worldwide in the 2nd quarter worth approximately $27,000. NBH Bank purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $29,000. Millstone Evans Group LLC boosted its stake in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $25,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.8%

Shares of CHRW stock opened at $141.17 on Friday. 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 stock has a market cap of $16.50 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.41 and a 12 month high of $210.33. The company has a 50 day simple moving average of $146.52 and a two-hundred day simple moving average of $166.95.

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, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate 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 was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 EPS. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share 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. Shareholders of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHRW. Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Stephens cut their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. One research 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 given a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target 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.