C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Probity Advisors Inc.

Probity Advisors Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,117 shares of the transportation company’s stock, valued at approximately $609,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Steinberganna Wealth Management acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $172,000. Valley National Advisers Inc. grew its position in shares of C.H. Robinson Worldwide by 31.2% in the third quarter. Valley National Advisers Inc. now owns 19,631 shares of the transportation company’s stock valued at $2,905,000 after purchasing an additional 4,670 shares during the last quarter. Wolff Financial Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $669,000. Radnor Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $3,194,000. Finally, Meridian Financial Partners LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $161,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $141.17 on Monday. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.41 and a twelve month high of $210.33. 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 company has a 50-day simple moving average of $146.52 and a two-hundred day simple moving average of $166.94. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts forecast 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. Stockholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CHRW shares. BMO Capital Markets lowered 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 note on Friday, October 16th. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Susquehanna boosted their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. Finally, Weiss Ratings cut C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.