C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by NFSG Corp

NFSG Corp purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,977 shares of the transportation company’s stock, valued at approximately $588,000.

Several other institutional investors have also added to or reduced their stakes in CHRW. Activest Wealth Management grew its holdings in C.H. Robinson Worldwide by 19,200.0% during the 3rd quarter. Activest Wealth Management now owns 386 shares of the transportation company’s stock valued at $57,000 after buying an additional 384 shares in the last quarter. Detalus Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $455,000. Guyasuta Investment Advisors Inc. bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $4,190,000. Centerline Wealth Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $157,000. Finally, SLT Holdings LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $1,049,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 3.0%

Shares of NASDAQ:CHRW traded down $4.33 during trading on Friday, hitting $139.49. The company had a trading volume of 3,653,853 shares, compared to its average volume of 2,115,310. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.94. 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 company has a fifty day simple moving average of $147.20 and a two-hundred day simple moving average of $167.85. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion for 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%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date 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 (DPR) is currently 48.09%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CHRW. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective for the company. Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Stephens reduced their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. 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.

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 service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.