Opal Wealth Advisors LLC Buys New Position in C.H. Robinson Worldwide, Inc. $CHRW

Opal Wealth Advisors LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,956 shares of the transportation company’s stock, valued at approximately $733,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $579,922,000. Auto Owners Insurance Co boosted its holdings in C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after purchasing an additional 1,501,744 shares during the period. Bank of New York Mellon Corp purchased a new position in C.H. Robinson Worldwide in the second quarter valued at $172,626,000. Hamlin Capital Management LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at $123,176,000. Finally, Sei Investments Co. grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded down $4.33 during trading hours on Friday, hitting $139.49. The company had a trading volume of 3,653,853 shares, compared to its average volume of 2,115,310. 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, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33. The company has a market cap of $16.30 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.94. The business has a 50 day moving average of $147.20 and a 200-day moving average of $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its 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 during 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 business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 EPS. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $0.63 per share. 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 payout ratio is 48.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CHRW shares. Evercore set a $217.00 price target on C.H. Robinson Worldwide in a report on Tuesday, October 6th. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Stifel Nicolaus set a $209.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, October 8th. JPMorgan Chase & Co. cut 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, October 5th. Finally, Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Profile

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.