C.H. Robinson Worldwide, Inc. $CHRW Stock Purchased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 218.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,159 shares of the transportation company’s stock after purchasing an additional 5,597 shares during the quarter. WealthPlan Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mainsail Asset Management LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter worth about $201,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $1,277,000. Kellett Wealth Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $201,000. HBW Advisory Services LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $1,077,000. Finally, KG Capital Management acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at about $401,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CHRW shares. UBS Group restated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Raymond James Financial reissued an “outperform” rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 target price on the stock. Finally, TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $191.20.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $143.82 on Friday. The business has a fifty day moving average of $147.40 and a 200 day moving average of $168.05. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $16.81 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94.

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 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 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 company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 EPS. As a group, research 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) 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 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.