C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,796 shares of the transportation company’s stock, valued at approximately $2,633,000.

A number of other hedge funds also recently modified their holdings of the business. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $27,000. NBH Bank bought a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $29,000. Millstone Evans Group LLC raised its holdings 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 buying an additional 71 shares during the period. Cornerstone Planning Group LLC lifted its stake in 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 valued at $31,000 after buying an additional 67 shares in the last quarter. Finally, Bayban bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHRW. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Monday. Susquehanna upped their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Stephens lowered their target price on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. BMO Capital Markets lifted their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.56.

C.H. Robinson Worldwide Stock Up 3.5%

Shares of NASDAQ CHRW traded up $5.18 during midday trading on Thursday, reaching $153.14. The company’s stock had a trading volume of 1,487,912 shares, compared to its average volume of 1,930,729. The stock has a 50 day simple moving average of $152.20 and a 200-day simple moving average of $170.12. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.27 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is 48.09%.

About C.H. Robinson Worldwide

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.