C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Root Financial Partners LLC

Root Financial Partners LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,028 shares of the transportation company’s stock, valued at approximately $892,000.

A number of other hedge funds have also recently made changes to their positions in CHRW. Dogwood Wealth Management LLC increased its stake 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 period. Cornerstone Planning Group LLC raised its holdings 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 buying an additional 67 shares during the last quarter. Millstone Evans Group LLC raised its holdings 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 buying an additional 71 shares during the last quarter. Elevated Capital Advisors LLC boosted its position in C.H. Robinson Worldwide by 10.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after buying an additional 82 shares during the period. Finally, Keybank National Association OH boosted its position in C.H. Robinson Worldwide by 2.9% during the 1st quarter. Keybank National Association OH now owns 3,153 shares of the transportation company’s stock worth $524,000 after buying an additional 88 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $141.17 on Friday. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.18 and a beta of 0.94. 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 $125.41 and a 12-month high of $210.33. The company’s fifty day simple moving average is $146.52 and its 200 day simple moving average is $166.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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 return on equity of 38.36% and a net margin of 3.73%. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the business posted $1.29 EPS. The business’s revenue was up 19.3% compared to the same quarter last year. On average, analysts expect 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. Investors 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 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

Analyst Ratings Changes

CHRW has been the topic of a number of research reports. Stephens reduced their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 15th. Bank of America reaffirmed a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price target on the stock. in a research report on Monday, October 12th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

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 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.