C.H. Robinson Worldwide, Inc. $CHRW Stock Position Increased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 218.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,159 shares of the transportation company’s stock after buying an additional 5,597 shares during the quarter. WealthPlan Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Burkett Financial Services LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $25,000. Millstone Evans Group LLC raised its holdings 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. Continuum Advisory LLC purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth $27,000. NBH Bank purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth $29,000. Finally, Cornerstone Planning Group LLC lifted its position in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 3.1%

C.H. Robinson Worldwide stock opened at $143.82 on Friday. The firm has a market cap of $16.81 billion, a PE ratio of 27.45, a P/E/G ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The stock’s 50 day simple moving average is $147.40 and its two-hundred day simple moving average is $168.05. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued 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 yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is 48.09%.

Analysts Set New Price Targets

CHRW has been the topic of several recent research reports. Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target on the stock. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Raymond James Financial reiterated an “outperform” rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday. Weiss Ratings lowered C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Finally, JPMorgan Chase & Co. decreased their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a report on Monday, October 5th. 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $191.20.

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 service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.