Davidson Trust Co. Acquires 3,989 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Davidson Trust Co. acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel reports. The fund acquired 3,989 shares of the transportation company’s stock, valued at approximately $590,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Dogwood Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 37.8% in the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after buying an additional 65 shares during the last quarter. Cornerstone Planning Group LLC increased its position in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 67 shares in the last quarter. Millstone Evans Group LLC increased its position in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. Root Financial Partners LLC raised its stake 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 acquiring an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC lifted its position 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 in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHRW. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Sanford C. Bernstein reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Raymond James Financial set a $192.00 target price on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, Citizens Jmp started coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $194.76.

C.H. Robinson Worldwide Stock Up 0.7%

Shares of NASDAQ:CHRW opened at $142.31 on Friday. 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. The company has a market capitalization of $16.63 billion, a PE ratio of 27.16, a PEG ratio of 1.18 and a beta of 0.94. The company has a 50 day moving average price of $148.22 and a two-hundred day moving average price of $168.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping 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 company had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the firm posted $1.29 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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