Evanson Financial LLC Makes New $735,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Evanson Financial LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,970 shares of the transportation company’s stock, valued at approximately $735,000.

Other institutional investors have also recently bought and sold shares of the company. Dogwood Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 65 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of C.H. Robinson Worldwide by 57.3% in 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 in the last quarter. Millstone Evans Group LLC lifted its position in shares of 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 worth $27,000 after purchasing an additional 71 shares in the last quarter. Root Financial Partners LLC lifted its position 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 worth $155,000 after purchasing an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its holdings 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 during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on CHRW shares. UBS Group reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Stephens cut their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Finally, Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $141.17 on Friday. The firm has a market cap of $16.50 billion, a PE ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94. The firm’s 50 day moving average price is $146.52 and its 200 day moving average price is $166.95. 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, Inc. has a twelve month low of $125.41 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, research 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $0.63 dividend. 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 payout ratio is presently 48.09%.

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.