137,417 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 137,417 shares of the transportation company’s stock, valued at approximately $20,332,000. C.H. Robinson Worldwide comprises 0.9% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 29th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $579,922,000. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $172,626,000. Hamlin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $123,176,000. Vontobel Holding Ltd. raised its position in shares of C.H. Robinson Worldwide by 47,894.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock valued at $122,993,000 after purchasing an additional 829,527 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in C.H. Robinson Worldwide by 532.7% in the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after purchasing an additional 555,631 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Bank of America reiterated a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Stephens dropped their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. One 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 issued a Sell rating to the 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.

C.H. Robinson Worldwide Trading Up 0.3%

Shares of NASDAQ:CHRW opened at $140.95 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.17 and a beta of 0.94. The business has a 50-day moving average price of $146.81 and a 200-day moving average price of $167.31.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given 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 (DPR) is currently 48.09%.

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.