11,081 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Royal Fund Management LLC

Royal Fund Management LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,081 shares of the transportation company’s stock, valued at approximately $1,640,000.

A number of other institutional investors also recently made changes to their positions in CHRW. Dogwood Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after acquiring an additional 65 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 57.3% in the 1st 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 in the last quarter. Millstone Evans Group LLC boosted its position 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 worth $27,000 after purchasing an additional 71 shares during the period. Root Financial Partners LLC grew its stake in shares of C.H. Robinson Worldwide by 8.7% in the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after buying an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC lifted its position in shares of 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 purchasing an additional 82 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded down $1.14 during trading on Friday, hitting $141.17. 1,251,746 shares of the stock were exchanged, compared to its average volume of 2,104,193. The company’s fifty day simple moving average is $146.52 and its 200-day simple moving average is $166.95. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.41 and a 1-year high of $210.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 net margin of 3.73% and a return on equity of 38.36%. 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 company earned $1.29 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Wall Street Analyst Weigh In

Several analysts recently commented on CHRW shares. Stephens lowered their target price on 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. BMO Capital Markets cut 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, October 16th. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Company 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.