Gibbs Wealth Management Acquires New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Gibbs Wealth Management bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,167 shares of the transportation company’s stock, valued at approximately $692,000.

Other large investors also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after purchasing an additional 555,631 shares in the last quarter. Lido Advisors LLC grew its position in shares of C.H. Robinson Worldwide by 2.9% in the 1st quarter. Lido Advisors LLC now owns 14,153 shares of the transportation company’s stock valued at $2,359,000 after purchasing an additional 395 shares during the period. State of Wyoming increased its stake in C.H. Robinson Worldwide by 119.0% during the 1st quarter. State of Wyoming now owns 1,916 shares of the transportation company’s stock worth $318,000 after purchasing an additional 1,041 shares in the last quarter. Cetera Investment Advisers increased its stake in C.H. Robinson Worldwide by 10.8% during the 1st quarter. Cetera Investment Advisers now owns 109,938 shares of the transportation company’s stock worth $18,257,000 after purchasing an additional 10,751 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its holdings in C.H. Robinson Worldwide by 1.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 10,585 shares of the transportation company’s stock worth $1,758,000 after buying an additional 187 shares during the period. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $186.51 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a twelve month low of $96.89 and a twelve month high of $210.33. The stock has a market capitalization of $21.98 billion, a P/E ratio of 37.76, a P/E/G ratio of 1.77 and a beta of 0.91. The company has a 50 day moving average of $187.53 and a 200-day moving average of $180.77.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.12 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. UBS Group boosted their price objective on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Bank of America lowered their target price on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $199.46.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.