Tred Avon Family Wealth LLC Acquires New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Tred Avon Family Wealth LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,462 shares of the transportation company’s stock, valued at approximately $1,252,000.

A number of other hedge funds have also made changes to their positions in the business. Vann Equity Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $641,000. CWS Financial Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $1,352,000. Argent Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $5,017,000. Cravens & Co Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $809,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.5%

NASDAQ:CHRW opened at $138.85 on Tuesday. 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 one year low of $125.35 and a one year high of $210.33. The business’s 50-day simple moving average is $147.01 and its 200 day simple moving average is $167.70. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a $0.63 dividend. 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 is presently 48.09%.

Analysts Set New Price Targets

A number of research firms have weighed in on CHRW. Susquehanna upped their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Bank of America reaffirmed a “buy” rating and issued a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Robert W. Baird dropped their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average 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.