C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 520.4% in the third quarter, HoldingsChannel reports. The fund owned 66,292 shares of the transportation company’s stock after acquiring an additional 55,606 shares during the period. CoreCap Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $9,809,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Continuum Advisory LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $27,000. NBH Bank bought a new position in C.H. Robinson Worldwide in the 2nd quarter valued at $29,000. Millstone Evans Group LLC increased its stake in shares of 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 period. Burkett Financial Services LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $25,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 57.3% during the first 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.

C.H. Robinson Worldwide Trading Up 4.6%

Shares of CHRW stock traded up $6.16 on Thursday, reaching $141.34. The company had a trading volume of 2,455,506 shares, compared to its average volume of 1,980,095. The stock has a market cap of $16.52 billion, a PE ratio of 26.97, a PEG ratio of 1.13 and a beta of 0.94. The company has a 50-day moving average of $148.44 and a 200-day moving average of $169.17. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 EPS. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Analyst Ratings Changes

A number of brokerages recently commented on CHRW. Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday. Susquehanna upped their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. reduced their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research note on Monday. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, BMO Capital Markets boosted their price target 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. One equities research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.76.

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.