Ayrshire Capital Management LLC Acquires New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Ayrshire Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,148 shares of the transportation company’s stock, valued at approximately $614,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Continuum Advisory LLC purchased a new position in shares of C.H. Robinson Worldwide in the second quarter worth $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $29,000. Millstone Evans Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at $25,000. Finally, Cornerstone Planning Group LLC boosted its position 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 buying an additional 67 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CHRW shares. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Weiss Ratings lowered C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Evercore set a $217.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target on the stock. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $138.85 on Tuesday. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.16 and a beta of 0.94. 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 business’s fifty day moving average price is $147.01 and its 200-day moving average price is $167.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

C.H. Robinson Worldwide Company Profile

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.