Summit Financial Wealth Advisors LLC Buys 10,977 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Summit Financial Wealth Advisors LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,977 shares of the transportation company’s stock, valued at approximately $1,624,000.

A number of other large investors have also recently made changes to their positions in CHRW. Continuum Advisory LLC purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth about $27,000. NBH Bank bought a new stake in C.H. Robinson Worldwide in the second quarter worth about $29,000. Millstone Evans Group LLC boosted its position in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the period. Burkett Financial Services LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $25,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of C.H. Robinson Worldwide by 57.3% during 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 during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CHRW shares. Susquehanna increased their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective for the company. BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Finally, 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. 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, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $191.20.

C.H. Robinson Worldwide Trading Up 1.1%

Shares of NASDAQ:CHRW traded up $1.52 during trading on Thursday, reaching $140.97. 542,134 shares of the company were exchanged, compared to its average volume of 1,968,274. The firm has a market capitalization of $16.47 billion, a PE ratio of 26.92, a P/E/G ratio of 1.14 and a beta of 0.94. The business’s fifty day simple moving average is $147.45 and its 200-day simple moving average is $168.17. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.35 and a 12-month high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

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.