C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Asset Advisory Group Inc.

by · The Markets Daily

Asset Advisory Group Inc. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,623 shares of the transportation company’s stock, valued at approximately $980,000.

A number of other institutional investors have also recently made changes to their positions in CHRW. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $27,000. NBH Bank acquired a new position in C.H. Robinson Worldwide during the second quarter valued at $29,000. Millstone Evans Group LLC boosted its position in 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 in the last quarter. Burkett Financial Services LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $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. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of analyst reports. Citizens Jmp began coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective on the stock. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. BMO Capital Markets decreased their target price on C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Stephens lowered their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average target price of $190.00.

View Our Latest Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded up $1.55 during trading hours on Tuesday, hitting $140.40. The company’s stock had a trading volume of 470,226 shares, compared to its average volume of 1,970,609. The company’s 50 day simple moving average is $147.01 and its two-hundred day simple moving average is $167.70. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The company has a market cap of $16.41 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its quarterly earnings data 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 return on equity of 38.36% and a net margin of 3.73%. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal 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 given a $0.63 dividend. 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 dividend payout ratio is presently 48.09%.

C.H. Robinson Worldwide Company Profile

(Free Report)

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.

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