29,274 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Howard Capital Management Group LLC

Howard Capital Management Group LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel.com reports. The fund purchased 29,274 shares of the transportation company’s stock, valued at approximately $4,331,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Burkett Financial Services LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $25,000. Millstone Evans Group LLC grew its stake in C.H. Robinson Worldwide by 79.8% in the 1st 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 last quarter. Continuum Advisory LLC bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth $27,000. NBH Bank bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth $29,000. Finally, Cornerstone Planning Group LLC raised its holdings in 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 worth $31,000 after acquiring an additional 67 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

CHRW stock traded down $4.33 on Friday, reaching $139.49. 3,653,853 shares of the company were exchanged, compared to its average volume of 2,115,310. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The stock’s fifty day moving average price is $147.20 and its 200 day moving average price is $167.85. The firm has a market capitalization of $16.30 billion, a PE ratio of 26.62, a PEG 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the company earned $1.29 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHRW. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research report on Thursday, October 8th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.