C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Lee Financial Co

Lee Financial Co bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 14,777 shares of the transportation company’s stock, valued at approximately $2,186,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHRW. Continuum Advisory LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $27,000. NBH Bank purchased a new position in C.H. Robinson Worldwide in the 2nd quarter valued at approximately $29,000. Millstone Evans Group LLC increased its stake in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $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 during the third quarter worth $25,000. Finally, Cornerstone Planning Group LLC raised its holdings 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 worth $31,000 after purchasing an additional 67 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. 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. Susquehanna lifted their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Stephens cut 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 note on Thursday, July 30th. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective on the stock. in a research note on Monday, October 12th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $139.49 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a fifty day moving average of $147.20 and a two-hundred day moving average of $167.85. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the business earned $1.29 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. On average, analysts anticipate 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 paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 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 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.