3,884 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by Garrett Wealth Advisory Group LLC

Garrett Wealth Advisory Group LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel.com reports. The fund bought 3,884 shares of the transportation company’s stock, valued at approximately $575,000.

Other hedge funds have also added to or reduced their stakes in the company. Burkett Financial Services LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $25,000. Millstone Evans Group LLC raised its stake in 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 last quarter. Continuum Advisory LLC acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $27,000. NBH Bank acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $29,000. Finally, Reyes Financial Architecture Inc. acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $30,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $141.17 on Friday. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.18 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a 50-day simple moving average of $146.52 and a 200-day simple moving average of $166.95. C.H. Robinson Worldwide, Inc. has a one year low of $125.41 and a one year high of $210.33.

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 analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current 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. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

Analyst Ratings Changes

CHRW has been the subject of a number of analyst reports. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a report on Thursday, October 8th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Bank of America reissued a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Company 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.