24,391 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Tower View Wealth Management LLC

Tower View Wealth Management LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, Holdings Channel reports. The institutional investor purchased 24,391 shares of the transportation company’s stock, valued at approximately $3,609,000. C.H. Robinson Worldwide comprises 1.6% of Tower View Wealth Management LLC’s holdings, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Purewater Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $784,000. Sigma Planning Corp boosted its holdings in shares of C.H. Robinson Worldwide by 1,453.4% in the 3rd quarter. Sigma Planning Corp now owns 16,854 shares of the transportation company’s stock worth $2,494,000 after buying an additional 15,769 shares during the last quarter. IRON Financial LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $422,000. Straight Path Wealth Management bought a new position in C.H. Robinson Worldwide during the third quarter valued at about $209,000. Finally, Financial Management Professionals Inc. grew its position in C.H. Robinson Worldwide by 7,308.5% during the third quarter. Financial Management Professionals Inc. now owns 4,371 shares of the transportation company’s stock valued at $647,000 after buying an additional 4,312 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price target for the company. in a research note on Monday, October 12th. Stifel Nicolaus set a $209.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. Finally, Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, July 30th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $141.17 on Monday. The business has a 50-day moving average of $146.52 and a 200 day moving average of $166.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.41 and a fifty-two week high of $210.33. The firm has a market cap of $16.50 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. 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 released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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