TI Trust Inc. Makes New $823,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

TI Trust Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel reports. The firm bought 5,562 shares of the transportation company’s stock, valued at approximately $823,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vann Equity Management LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $641,000. CWS Financial Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $1,352,000. Argent Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $5,017,000. Cravens & Co Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $1,242,000. Finally, Birch Hill Investment Advisors LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $809,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CHRW. Evercore set a $217.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Stifel Nicolaus set a $209.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. Finally, Stephens dropped their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Trading Up 0.3%

Shares of CHRW opened at $140.95 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.35 and a 12-month high of $210.33. The firm has a market capitalization of $16.47 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. The stock’s fifty day simple moving average is $146.81 and its 200-day simple moving average is $167.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations 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 earned $1.29 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 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 given a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is presently 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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.