Birchwood Financial Partners Inc. Purchases Shares of 5,575 C.H. Robinson Worldwide, Inc. $CHRW

Birchwood Financial Partners Inc. acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,575 shares of the transportation company’s stock, valued at approximately $896,000. C.H. Robinson Worldwide accounts for about 0.9% of Birchwood Financial Partners Inc.’s holdings, making the stock its 25th biggest position.

Other hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in C.H. Robinson Worldwide during the fourth quarter worth $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at $27,000. DV Equities LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $30,000. Finally, Clearstead Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CHRW shares. Wall Street Zen downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Bank of America reduced their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a report on Friday, May 1st. Finally, Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Trading Down 0.1%

NASDAQ:CHRW opened at $185.04 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The company has a market cap of $21.81 billion, a PE ratio of 37.46, a PEG ratio of 1.60 and a beta of 0.91. The firm has a 50-day moving average of $178.02 and a 200-day moving average of $175.07.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.