Kennebec Savings Bank Makes New $853,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Kennebec Savings Bank purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel reports. The firm purchased 5,765 shares of the transportation company’s stock, valued at approximately $853,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CHRW. Dogwood Wealth Management LLC boosted its position in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after buying an additional 65 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 67 shares in the last quarter. Millstone Evans Group LLC increased its holdings in C.H. Robinson Worldwide by 79.8% during the 1st 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 in the last quarter. Root Financial Partners LLC increased its holdings in C.H. Robinson Worldwide by 8.7% during the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC raised its position in C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CHRW. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Stephens lowered their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective for the company. Raymond James Financial restated an “outperform” rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 15th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One equities research 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Stock Down 0.8%

CHRW opened at $141.17 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market cap of $16.50 billion, a P/E ratio of 26.94, a PEG ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.41 and a 52 week high of $210.33. The business’s fifty day simple moving average is $146.52 and its 200 day simple moving average is $166.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data 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 firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the business posted $1.29 EPS. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is 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 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.