C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Abel Hall LLC

Abel Hall LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,086 shares of the transportation company’s stock, valued at approximately $605,000.

Several other large investors also recently modified their holdings of CHRW. Crown Wealth Group LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $236,000. Talbot Financial LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $10,563,000. Investment Research & Advisory Group Inc. bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $3,096,000. OceanIQ Capital LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $162,000. Finally, Herold Advisors Inc. bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $804,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded down $0.64 during mid-day trading on Monday, hitting $138.85. 1,228,658 shares of the stock traded hands, compared to its average volume of 1,978,217. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The firm has a market cap 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’s 50-day simple moving average is $147.20 and its 200-day simple moving average is $167.89. 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 (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 EPS. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHRW. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.