5,373 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Magnus Financial Group LLC

Magnus Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,373 shares of the transportation company’s stock, valued at approximately $795,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Piedmont Capital Management LLC NC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $699,000. Hartford Financial Management Inc. bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $442,000. White Lighthouse Investment Management Inc. bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $1,977,000. Smith Shellnut Wilson LLC ADV bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $770,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $1,660,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $142.31 on Friday. The firm has a market cap of $16.63 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The business’s 50 day moving average price is $146.66 and its two-hundred day moving average price is $167.13. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 EPS. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective on the stock. in a research note on Monday, October 12th. Bank of America reiterated a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report 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. Raymond James Financial restated an “outperform” rating and issued a $170.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $190.00.

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.