MBL Wealth LLC Acquires 8,176 Shares of C.H. Robinson Worldwide, Inc. $CHRW

MBL Wealth LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,176 shares of the transportation company’s stock, valued at approximately $1,210,000.

Other institutional investors have also recently modified their holdings of the company. Burkett Financial Services LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $25,000. Millstone Evans Group LLC increased its position in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares during the period. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide in the second quarter valued at about $27,000. NBH Bank acquired a new position in C.H. Robinson Worldwide in the second quarter valued at about $29,000. Finally, Reyes Financial Architecture Inc. bought a new stake in C.H. Robinson Worldwide during the third quarter worth about $30,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHRW has been the topic of a number of analyst reports. Robert W. Baird reduced 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. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. BMO Capital Markets dropped their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a research report on Friday, October 16th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Finally, Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. One 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Trading Up 1.0%

Shares of CHRW opened at $142.31 on Friday. 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 52-week low of $125.35 and a 52-week high of $210.33. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94. The business’s fifty day moving average is $146.66 and its 200-day moving average is $167.13.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping 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%. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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 yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

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 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.