C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel reports. The firm acquired 12,540 shares of the transportation company’s stock, valued at approximately $1,855,000.

Other institutional investors also recently modified their holdings of the company. Mystic Asset Management Inc. acquired a new position in C.H. Robinson Worldwide during the third quarter worth approximately $2,020,000. RDA Financial Network acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $263,000. Summit Financial Wealth Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $1,624,000. State of Alaska Department of Revenue boosted its stake in shares of C.H. Robinson Worldwide by 1,646.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 201,772 shares of the transportation company’s stock worth $29,854,000 after acquiring an additional 190,222 shares during the period. Finally, Charles Schwab Trust Co bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $3,433,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHRW. Weiss Ratings lowered C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Bank of America reaffirmed a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price target on the stock. in a report on Monday. Finally, Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. 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 given a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $191.20.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $1.77 during midday trading on Thursday, hitting $141.22. The company’s stock had a trading volume of 568,976 shares, compared to its average volume of 1,968,414. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The company’s fifty day simple moving average is $147.45 and its two-hundred day simple moving average is $168.17. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94.

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 the consensus estimate 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 business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the company earned $1.29 EPS. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

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.