7,494 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by BostonPremier Wealth LLC

BostonPremier Wealth LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel reports. The firm purchased 7,494 shares of the transportation company’s stock, valued at approximately $1,109,000. C.H. Robinson Worldwide makes up 0.5% of BostonPremier Wealth LLC’s investment portfolio, making the stock its 20th largest position.

A number of other large investors have also recently made changes to their positions in the business. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Auto Owners Insurance Co increased its holdings in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after buying an additional 1,501,744 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide in the second quarter worth about $172,626,000. Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $123,176,000. Finally, Sei Investments Co. increased its stake 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 worth $109,594,000 after purchasing an additional 555,631 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $143.82 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm’s fifty day simple moving average is $147.40 and its 200 day simple moving average is $168.05. The stock has a market cap of $16.81 billion, a P/E 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 announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 EPS. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is 48.09%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CHRW shares. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a report on Monday, October 5th. One investment 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.20.

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.