C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 634.9% during the third quarter, HoldingsChannel reports. The firm owned 28,463 shares of the transportation company’s stock after acquiring an additional 24,590 shares during the period. Avidian Wealth Enterprises LLC’s holdings in C.H. Robinson Worldwide were worth $4,211,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $5,065,000. Veracity Capital LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $654,000. Vista Investment Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $1,199,000. Quintet Private Bank Europe S.A. purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $36,000. Finally, Kaydan Wealth Management Inc. acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $166,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday. Stephens lowered their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, Raymond James Financial set a $192.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $194.76.

C.H. Robinson Worldwide Stock Up 2.9%

Shares of NASDAQ CHRW traded up $3.92 during mid-day trading on Thursday, reaching $139.10. The company had a trading volume of 745,668 shares, compared to its average volume of 1,970,919. 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 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 cap of $16.25 billion, a P/E ratio of 26.57, a PEG ratio of 1.13 and a beta of 0.94. The firm has a 50 day simple moving average of $148.44 and a two-hundred day simple moving average of $169.17.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 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. Stockholders of record on Friday, September 4th were paid a dividend of $0.63 per share. 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 is 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.