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

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

Several other hedge funds also recently made changes to their positions in CHRW. Continuum Advisory LLC acquired a new stake 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 in the second quarter worth about $29,000. Millstone Evans Group LLC boosted its holdings 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 valued at $27,000 after acquiring an additional 71 shares during the last quarter. Burkett Financial Services LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $25,000. Finally, Cornerstone Planning Group LLC boosted 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 worth $31,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.1%

Shares of NASDAQ:CHRW traded up $1.55 during midday trading on Tuesday, reaching $140.40. The company had a trading volume of 470,226 shares, compared to its average volume of 1,970,609. The stock has a market capitalization of $16.41 billion, a P/E ratio of 26.81, a PEG 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, Inc. has a one year low of $125.35 and a one year high of $210.33. The stock’s fifty day moving average price is $147.01 and its 200-day moving average price is $167.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share 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. Stockholders of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Evercore set a $217.00 price target on C.H. Robinson Worldwide in a report on Tuesday, October 6th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Finally, Truist Financial reduced their price objective on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $190.00.

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 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.