Capital Investment Advisors LLC Purchases 74,142 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Capital Investment Advisors LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 74,142 shares of the transportation company’s stock, valued at approximately $10,970,000.

Several other large investors have also recently added to or reduced their stakes in CHRW. Wedbush Securities Inc. bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $2,146,000. Vision Financial Markets LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $262,000. Capital City Trust Co. FL bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $2,340,000. Sterling Capital Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 16,719.2% in the third quarter. Sterling Capital Management LLC now owns 232,778 shares of the transportation company’s stock valued at $34,442,000 after purchasing an additional 231,394 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $853,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Robert W. Baird reduced their target price 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. Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 8th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $141.17 on Friday. The company has a market capitalization of $16.50 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.41 and a 52 week high of $210.33. The company’s 50 day moving average price is $146.52 and its two-hundred day moving average price is $166.95. 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 (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 company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend 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.