C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Highland Financial Advisors LLC

Highland Financial Advisors LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, Holdings Channel reports. The institutional investor acquired 11,092 shares of the transportation company’s stock, valued at approximately $1,641,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Burkett Financial Services LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth about $25,000. Millstone Evans Group LLC increased its stake in shares of 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 acquiring an additional 71 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $27,000. NBH Bank acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC raised 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 acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Robert W. Baird decreased their price objective on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Finally, Evercore set a $217.00 target price on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Stock Down 0.5%

NASDAQ CHRW traded down $0.64 on Monday, reaching $138.85. The company had a trading volume of 1,228,658 shares, compared to its average volume of 1,978,217. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.16 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. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33. The company’s fifty day moving average is $147.20 and its 200-day moving average is $167.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results 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 return on equity of 38.36% and a net margin of 3.73%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The company’s revenue was up 19.3% on a year-over-year basis. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given 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 of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

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.