Stableford Capital II LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Stableford Capital II LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,469 shares of the transportation company’s stock, valued at approximately $809,000.

Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $27,000. NBH Bank purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $29,000. Millstone Evans Group LLC grew its holdings 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 worth $27,000 after buying an additional 71 shares during the last quarter. Burkett Financial Services LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $25,000. Finally, 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 during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHRW has been the subject of several analyst reports. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. 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. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. UBS Group restated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. One investment 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 company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $194.76.

C.H. Robinson Worldwide Trading Up 4.6%

NASDAQ CHRW opened at $141.34 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $16.52 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33. The firm has a 50-day moving average price of $148.33 and a 200 day moving average price of $168.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared 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 dividend yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is 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.