4,820 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Cross Staff Investments Inc

Cross Staff Investments Inc bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel reports. The fund bought 4,820 shares of the transportation company’s stock, valued at approximately $713,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dogwood Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Planning Group LLC grew its position in shares of C.H. Robinson Worldwide by 57.3% in the 1st 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. Millstone Evans Group LLC increased its stake 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 valued at $27,000 after buying an additional 71 shares during the period. Root Financial Partners LLC raised its position in shares of C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after acquiring an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 10.9% in the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after acquiring an additional 82 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $141.17 on Friday. The business’s fifty day simple moving average is $146.52 and its 200 day simple moving average is $166.95. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.41 and a 12 month high of $210.33. The firm 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 (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the company posted $1.29 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Analyst Ratings Changes

A number of analysts have commented on CHRW shares. BMO Capital Markets cut their price target on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday, October 16th. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.