Avity Investment Management Inc. Purchases New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Avity Investment Management Inc. acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel reports. The firm acquired 4,656 shares of the transportation company’s stock, valued at approximately $689,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $424,000. Riversedge Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth $510,000. Wedmont Private Capital raised its holdings in shares of C.H. Robinson Worldwide by 3,225.5% during the third quarter. Wedmont Private Capital now owns 44,761 shares of the transportation company’s stock worth $6,623,000 after acquiring an additional 43,415 shares in the last quarter. Delta Wealth Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $217,000. Finally, Intelligence Driven Advisers LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at $184,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.7%

Shares of CHRW traded up $0.97 during trading hours on Friday, hitting $142.31. 1,888,816 shares of the company were exchanged, compared to its average volume of 1,979,632. The company has a market cap of $16.63 billion, a PE ratio of 27.16, a PEG ratio of 1.13 and a beta of 0.94. The firm’s 50 day moving average is $148.33 and its 200-day moving average is $168.98. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week 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 issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating 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 business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the business earned $1.29 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.21 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. Investors 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 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CHRW. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research report on Thursday, July 30th. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $194.76.

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 service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.